Cac 40 may fall to 7390.00 - 7460.00

Pivot

7780.00

Our preference

Short positions below 7780.00 with targets at 7460.00 & 7390.00 in extension.

Alternative scenario

Above 7780.00 look for further upside with 7900.00 & 8000.00 as targets.

Comment

The RSI has broken down its 30 level.

Supports and resistances

8000.00

7900.00

7780.00

7617.78 Last

7460.00

7390.00

7281.00

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