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TECHNICAL ANALYSIS: The CAC 40 contract is on a downward trend


Index Futures:      DAX40          FTSE100        CAC40          E-STOXX
Eurex          ICEEurope      Euronext       Eurex
Previous Close      16253.0        7461.5         7373.0         4379.5
1 Week Trend        Range          Bullish        Bullish        Bullish
1 Month Trend       Range          Range          Bullish        Bullish
3rd Resistance      16280.0        7491.0         7470.0         4393.0
2nd Resistance      16205.0        7453.5         7411.0         4371.0
1st Resistance      16155.0        7420.0         7344.0         4349.0
Pivot*              16011.3        7365.7         7345.7         4300.8
1st Support         15910.0        7320.0         7178.0         4267.0
2nd Support         15830.0        7287.0         7130.0         4233.0
3rd Support         15770.0        7260.0         7111.0         4200.0

CAC 40 session: The RSI (“Relative Strength Index”), an indicator for measuring market dynamics, is bearish and lets expect a further decline in the contract. Taking short positions is recommended below 7,344 points, with targets at 7,178 points and 7,130 points. If the 7,344 points are crossed, the contract should continue to progress to 7,411 points, then 7,470 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 06, 2022 03:24 ET (08:24 GMT)



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