Cac 40 may fall to 7420.00 - 7458.00

Pivot

7550.00

Our preference

Short positions below 7550.00 with targets at 7458.00 & 7420.00 in extension.

Alternative scenario

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

Comment

As long as 7550.00 is resistance, look for choppy price action with a bearish bias.

Supports and resistances

7613.00

7586.00

7550.00

7492.00 Last

7458.00

7420.00

7379.00

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