TECHNICAL ANALYSIS: The CAC 40 contract is below its neutral zone


Index Futures:      DAX30          FTSE100        CAC40          E-STOXX
Eurex          ICEEurope      Euronext       Eurex
Previous Close      15923.0        7419.5         7216.0         4287.5
1 Week Trend        Range          Bullish        Bullish        Bullish
1 Month Trend       Range          Bearish        Bullish        Bullish
3rd Resistance      16230.0        7500.5         7400.0         4382.0
2nd Resistance      16155.0        7488.0         7361.0         4365.0
1st Resistance      16077.0        7459.0         7314.0         4336.0
Pivot*              15932.3        7433.5         7218.0         4294.7
1st Support         15845.0        7406.0         7173.0         4264.0
2nd Support         15740.0        7378.5         7110.0         4233.0
3rd Support         15680.0        7362.0         7000.0         4200.0

CAC 40 session: The RSI (“Relative Strength Index”), an indicator for measuring market dynamics, is below its 50% neutral zone. Taking short positions is recommended below 7,314 points, with targets at 7,173 points and 7,110 points. If the 7,314 points are crossed, the contract should continue to progress to 7,361 points, then 7,400 points.

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

* The 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

January 10, 2022 02:37 ET (07:37 GMT)



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