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


Index Futures:      DAX40          FTSE100        CAC40          E-STOXX
Eurex          ICEEurope      Euronext       Eurex
Previous Close      15856.0        7348.5         7164.5         4287.5
1 Week Trend        Range          Bullish        Bullish        Bullish
1 Month Trend       Range          Range          Bullish        Bullish
3rd Resistance      16165.0        7432.5         7230.0         4358.0
2nd Resistance      16092.0        7410.5         7195.0         4315.0
1st Resistance      15969.0        7373.0         7164.0         4299.0
Pivot*              15858.3        7316.5         7162.3         4281.3
1st Support         15643.0        7282.0         7090.0         4249.0
2nd Support         15569.0        7249.0         7045.0         4219.0
3rd Support         15496.0        7227.0         7000.0         4190.0

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 7,164 points, with objectives of 7,090 points and 7,045 points. If 7.164 points are crossed, the contract should continue to progress to 7.195 points, then 7.230 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: ECH

Agefi-Dow Jones The financial newswire

Dow Jones Newswires

December 31, 2021 03:37 ET (08:37 GMT)



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