CAC40: Will it be seeking new lows?
The channel's targets are achieved, leaving the CAC40 around its 4240.82 support level it has reached last month. The current trend remains bearish with 4240.82 as an objective. Volatility is rising, the bollinger bands are widening up, and the candles are getting outside of the bands.
If the bearish market continues, 4278.96 will be the primary objective.
If an inversion, or a consolidation, occur, the main objective will be 4387.72, with 4364.77 as a primary objective.
The daily Pivot Point is around 4370.57. The daily support levels are around 4286.09 and 4224.94. The daily resistance levels are around 4431.72 and 4516.2.
If the bearish market continues, 4278.96 will be the primary objective.
If an inversion, or a consolidation, occur, the main objective will be 4387.72, with 4364.77 as a primary objective.
The daily Pivot Point is around 4370.57. The daily support levels are around 4286.09 and 4224.94. The daily resistance levels are around 4431.72 and 4516.2.
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