The CAC40 is extending its losses, as it has closed in the red for the third consecutive session. The CAC40 is leaning back on its EMA20, which forms a major support zone
, alongside its 4850.17 support level
. It will find strong support around that area, as volatility
is decreasing, and the trend is still bullish
, with 4850.17 as a support level
An opening above 4905.33 will send the benchmark seeking 5004.8, with 4936.82 as a primary objective.
An opening below 4860.73 will send the benchmark south towards 4836.56, with 4850.17 as a primary objective.
The daily Pivot Point
is around 4885.06. The daily support levels are around 4864.80 and 4840.46. The daily resistance levels 4909.4 and 4929.66.