Cac 40 may rise to 7591.00 - 7640.00

Pivot

7430.00

Our preference

Long positions above 7430.00 with targets at 7591.00 & 7640.00 in extension.

Alternative scenario

Below 7430.00 look for further downside with 7381.00 & 7330.00 as targets.

Comment

The RSI is supported by a strong support, posting bullish divergence (not confirmed yet).

Supports and resistances

7700.00

7640.00

7591.00

7503.27 Last

7430.00

7381.00

7330.00

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