ACTIV8X

CAC40: Back to the rally?

INDEX:CAC   CAC 40 Index
The Cac40 failed to continue the bearish market it has entered, as it has gained rebound around 4850.17, closing in the green, hinting to seek highs it has visited recently. The French benchmark will have 4972.7 as an objective, with 4924.4 as a primary objective, should the bullish trend continue. The 4850.17 level will be its benchmark today.

The benchmark will have the 4850.17 support level and last Friday's bullish gap as a major support zone .

The daily Pivot Point is around 4882.3. The support levels are around 4856.77 and 4822.96. The daily resistance levels are around 4916.11 and 4941.64.
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