Cac 40 may fall to 7400.00 - 7458.00

Pivot

7550.00

Our preference

Short positions below 7550.00 with targets at 7458.00 & 7400.00 in extension.

Alternative scenario

Above 7550.00 look for further upside with 7586.00 & 7613.00 as targets.

Comment

The RSI has struck against a major resistance around 70% and is reversing down.

Supports and resistances

7613.00

7586.00

7550.00

7521.97 Last

7458.00

7400.00

7379.00

Number of asterisks represents the strength of support and resistance levels.