TECHNICAL ANALYSIS: Any further consolidation of the CAC 40 contract will be limited


Index Futures:      DAX40          FTSE100        CAC40          E-STOXX
Eurex          ICEEurope      Euronext       Eurex
Previous Close      15086.0        7447.5         6949.0         4071.5
1 Week Trend        Range          Bullish        Bullish        Bullish
1 Month Trend       Range          Range          Bullish        Bullish
3rd Resistance      15500.0        7625.5         7147.0         4193.0
2nd Resistance      15390.0        7540.0         7086.0         4164.0
1st Resistance      15255.0        7498.0         7042.0         4126.0
Pivot*              15136.0        7470.2         6975.5         4089.0
1st Support         15063.0        7430.0         6870.0         4054.0
2nd Support         14884.0        7401.0         6817.0         4026.0
3rd Support         14778.0        7370.0         6772.0         3989.0

CAC 40 session: although a continuation of the consolidation of the contract cannot be excluded, its extent should be limited. Taking long positions is recommended beyond 6,870 points, with targets at 7,042 points and 7,086 points. In case of depression of 6,870 points, the contract should continue its decline to 6,817 points, then 6,772 points.

Over one week, the trend is bullish for contracts on the flagship index of the Paris Stock Exchange, the Euro Stoxx 50 and the FTSE 100, and neutral for the contract on the DAX 40.

* Pivot is the sum of the high, low and close divided by 3

-Data provided by TRADING CENTRAL (www.tradingcentral.com), a commentary service specializing in technical analysis

(French version Maylis Jouaret) ed: VLV

Agefi-Dow Jones The financial newswire

Dow Jones Newswires

February 07, 2022 02:53 ET (07:53 GMT)



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