CAC40: Breakout or back to 4501 V2.0?
The Cac40 was trading near the top of the channel. Breaking out 4673.96 will lead it to 4783.38, the channel's target.
Cutting through 4629.2, will send the benchmark back to a bearish market with 4501 as an objective, and 4599.92 as a primary objective. Going back to 4501 will have the opening gap, formed two days ago, as an obstacle.
The daily Pivot Point is around 4650.11. The French benchmark's daily support levels are around 4634.23 and 4613.32. The daily resistance levels are around 4671.02 and 4686.90.
Cutting through 4629.2, will send the benchmark back to a bearish market with 4501 as an objective, and 4599.92 as a primary objective. Going back to 4501 will have the opening gap, formed two days ago, as an obstacle.
The daily Pivot Point is around 4650.11. The French benchmark's daily support levels are around 4634.23 and 4613.32. The daily resistance levels are around 4671.02 and 4686.90.
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