France 40 - Get Ready To Sell

16 May 2018

At the moment I think we are nearing the peak of France 40's uptrend. As you can see by the ADX the trend is strong however we can look at the RSI and see that it is currently being overbought, this mixed with the fact that we are at a key point of resistance indicates to me that we are about to see a dive in the price. If we can push through this resistance level then I think the price will grow higher. If it does It will be a 10 year high. If we do continue to rise then the I would see the next key resistance level we need to watch out for is the 5880 level and I would say major resistance the very top of the market would be that 6177 level which we haven't seen in 11 years .