CAC40: heading to 4673.96?
The CAC40 rallied yesterday, after a very bullish gap at the opening.
The trend is currently bullish, falling back to a bearish market is only possible if the benchmark breaches its EMA20 and closes yesterday's bullish gap. The daily objective is 4654, which breaching will send it to 4673.96.
An eventual correction will send it back to 4518 with 4568.19 as a primary objective.
The daily Pivot Point is around 4592.25. The daily support levels are around 4552.66 and 4488.43. The daily resistance levels are around 4656.48 and 4696.07.
The trend is currently bullish, falling back to a bearish market is only possible if the benchmark breaches its EMA20 and closes yesterday's bullish gap. The daily objective is 4654, which breaching will send it to 4673.96.
An eventual correction will send it back to 4518 with 4568.19 as a primary objective.
The daily Pivot Point is around 4592.25. The daily support levels are around 4552.66 and 4488.43. The daily resistance levels are around 4656.48 and 4696.07.
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