CAC40: A morning star?
The CAC40 closed last Friday in a morning star pattern. Today's opening will be crucial, as a bearish gap will send the benchmark south, back to 4654.69, with 4673.69 as a primary objective. Closing in a bearish candle today, will render the morning star valid. It will have at least 4587.59 at least as an objective on the middle run.
Breaking out 4733.47, will reject the morning star, and send the benchmark up to 4783.83.
The daily Pivot Point is around 4710.77. The daily support levels are around 4683.86 and 4666.33. The daily resistance levels are around 4728.30 and 4755.21.
Breaking out 4733.47, will reject the morning star, and send the benchmark up to 4783.83.
The daily Pivot Point is around 4710.77. The daily support levels are around 4683.86 and 4666.33. The daily resistance levels are around 4728.30 and 4755.21.
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