TECHNICAL ANALYSIS: The contract on the CAC 40 is on the downside


Index Futures:      DAX40          FTSE100        CAC40          E-STOXX
Eurex          ICEEurope      Euronext       Eurex
Previous Close      15399.0        7600.5         7010.5         4145.0
1 Week Trend        Range          Bullish        Bullish        Bullish
1 Month Trend       Range          Bullish        Bullish        Bullish
3rd Resistance      15530.0        7653.0         7088.0         4192.0
2nd Resistance      15420.0        7625.0         7016.0         4158.0
1st Resistance      15310.0        7595.0         6958.0         4119.0
Pivot*              15182.3        7553.7         6980.2         4077.5
1st Support         15050.0        7511.0         6805.0         4028.0
2nd Support         14940.0        7471.0         6698.0         4000.0
3rd Support         14840.0        7389.5         6600.0         3974.0

CAC 40 session: The RSI (“Relative Strength Index”), an indicator for measuring market dynamics, is bearish and suggests a further decline in the contract. Taking short positions is advised below 6,958 points, with targets at 6,805 and 6,698 points. If 6,958 points are crossed, the contract should continue to progress towards 7,016 points, then 7,088 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: VLV

Agefi-Dow Jones The financial newswire

Dow Jones Newswires

February 14, 2022 04:01 ET (09:01 GMT)



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