Cac 40 is neutral

Pivot

7960.00

Our preference

Short positions below 7960.00 with targets at 7670.00 & 7550.00 in extension.

Alternative scenario

Above 7960.00 look for further upside with 8132.00 & 8260.00 as targets.

Comment

As long as 7960.00 is resistance, look for choppy price action with a bearish bias.

Supports and resistances

8260.00

8132.00

7960.00

7792.42 Last

7670.00

7550.00

7460.00

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