The CAC40 is extending its losses, as it has closed in the red for the third consecutive session. The CAC40 is leaning back on its EMA20, which forms a major support zone, alongside its 4850.17 support level. It will find strong support around that area, as volatility is decreasing, and the trend is still bullish, with 4850.17 as a support level.
An opening above 4905.33 will send the benchmark seeking 5004.8, with 4936.82 as a primary objective.
An opening below 4860.73 will send the benchmark south towards 4836.56, with 4850.17 as a primary objective.
The daily Pivot Point is around 4885.06. The daily support levels are around 4864.80 and 4840.46. The daily resistance levels 4909.4 and 4929.66.
An opening above 4905.33 will send the benchmark seeking 5004.8, with 4936.82 as a primary objective.
An opening below 4860.73 will send the benchmark south towards 4836.56, with 4850.17 as a primary objective.
The daily Pivot Point is around 4885.06. The daily support levels are around 4864.80 and 4840.46. The daily resistance levels 4909.4 and 4929.66.
