CAC40: Will it breakout the tunnel or bounce back?
The CAC40 closed yesterday near the tunnel support level around 4501. The French benchmark has been stuck in the current tunnel, since 3 weeks. If it breaches 4501 it will enter a bearish market with 4387.72 as an objective, and 4430 as a primary objective.
Failing to breakout the tunnel will lead it back towards 4673.96, with 4574.54 as a primary objective.
The benchmark's daily Pivot Point is around 4542.91. The daily support levels are around 4489.08 and 4459.66. The daily resistance levels are around 4572.33 and 4626.16.
Failing to breakout the tunnel will lead it back towards 4673.96, with 4574.54 as a primary objective.
The benchmark's daily Pivot Point is around 4542.91. The daily support levels are around 4489.08 and 4459.66. The daily resistance levels are around 4572.33 and 4626.16.
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