Cac 40 may rise to 7582.00 - 7640.00

Pivot

7430.00

Our preference

Long positions above 7430.00 with targets at 7582.00 & 7640.00 in extension.

Alternative scenario

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

Comment

The RSI has broken up its 30 level.

Supports and resistances

7700.00

7640.00

7582.00

7513.01 Last

7430.00

7381.00

7330.00

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