VantageMarkets

FRA40: Sticking with the trend

Long
VANTAGE:FRA40   CAC 40 Index
FRA40

Intraday
- We look to Buy at 6300 (stop at 6230)

Trend line support is located at 6300. Previous resistance located at 6400. Further upside is expected although we prefer to set longs at our bespoke support levels at 6300, resulting in improved risk/reward. A move through 6400 will confirm the bullish momentum.
Our profit targets will be 6475 and 6500

Resistance: 6400 / 6475 / 6500
Support: 6300 / 6250 / 6230

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