Cac40: Visiting 4850.17...
The Cac40 failed to preserve its bullish momentum in the last couple of days, which has led it to visit its 4850.17 supoort level. The benchmark will have its 4850.17 support level and the bullish gap of last Friday ahead as a support area, which will not be easy to cut through.
The benchmark will head south to 4812.24, with 4826.83 as a primary objective, should it breakout 4850.17.
The benchmark will have 4972.7 as an objective, with 4924.4 as a primary objective,should it breakout 4893.93, which will reject the bearish market.
The daily Pivot Point is around 4863.53. The daily support levels are around 4830.60 and 4814.14. The daily resistance levels are around 4879.99 and 4912.92.
The benchmark will head south to 4812.24, with 4826.83 as a primary objective, should it breakout 4850.17.
The benchmark will have 4972.7 as an objective, with 4924.4 as a primary objective,should it breakout 4893.93, which will reject the bearish market.
The daily Pivot Point is around 4863.53. The daily support levels are around 4830.60 and 4814.14. The daily resistance levels are around 4879.99 and 4912.92.
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