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CAC40 - Bullish trend can restart

OANDA:FR40EUR   France 40
The configuration of the CAC40 index is very interesting, buyers and sellers are fighting around the temporary support of the 5350 points (red dotted line). The very strong support of the 5300 has been tested 1 time last week. In the coming days the 5300 support line will rejoin major ascending support @5300 points, if the CAC40 price haven't break the 5300 support before the 2 line rejoin, a super support will be created and it will become very difficult to break it. This can initiate a new strong bullish trend for end 2017 / beginning 2018.

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