TECHNICAL ANALYSIS: The contract on the CAC 40 is above its neutral zone


Index Futures:      DAX40          FTSE100        CAC40          E-STOXX
Eurex          ICEEurope      Euronext       Eurex
Previous Close      15479.0        7488.5         7021.0         4163.0
1 Week Trend        Range          Bullish        Bullish        Bullish
1 Month Trend       Range          Range          Bullish        Bullish
3rd Resistance      15847.0        7668.5         7195.0         4270.0
2nd Resistance      15742.0        7632.0         7155.0         4255.0
1st Resistance      15566.0        7595.5         7086.0         4205.0
Pivot*              15447.0        7505.0         6970.8         4159.0
1st Support         15290.0        7412.5         6840.0         4118.0
2nd Support         15117.0        7351.0         6774.0         4081.0
3rd Support         15036.0        7314.5         6697.0         4028.0

CAC 40 session: The RSI (“Relative Strength Index”), an indicator for measuring market dynamics, is above its neutral zone at 50%. Taking long positions is recommended beyond 6,840 points, with targets at 7,086 points and 7,155 points. In case of depression of 6,840 points, the contract should continue its decline to 6,774 points, then 6,697 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.

* The pivot corresponds to the sum of the high, the low and the close divided by 3

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

(French version Maylis Jouaret) ed: ASO

Agefi-Dow Jones The financial newswire

Dow Jones Newswires

January 28, 2022 02:44 ET (07:44 GMT)



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