The Cac40 closed last Friday in a neutral doji pattern, after it had opened in a bullish gap. The pattern indicates an indecisiveness, as it couldn't close the bullish gap, neither it was able to breakout the 4718.91 resistance level.
Today, the benchmark will head to 4783.3, with 4745.14 as a primary objective, should it breakout 4718.91.
A bearish gap at the opening, or a breakout of 4702.79, will send the benchmark back to 4616.72, with 4648.86 as a primary objective.
The daily Pivot Point is around 4700.64. The daily support levels are around 4682.37 and 4661.95. The daily resistance levels are around 4721.06 and 4739.33.
Today, the benchmark will head to 4783.3, with 4745.14 as a primary objective, should it breakout 4718.91.
A bearish gap at the opening, or a breakout of 4702.79, will send the benchmark back to 4616.72, with 4648.86 as a primary objective.
The daily Pivot Point is around 4700.64. The daily support levels are around 4682.37 and 4661.95. The daily resistance levels are around 4721.06 and 4739.33.
