TECHNICAL ANALYSIS: The contract on the CAC 40 lacks dynamism


Index Futures:      DAX40          FTSE100        CAC40          E-STOXX
Eurex          ICEEurope      Euronext       Eurex
Previous Close      15780.0        7527.5         7172.0         4249.0
1 Week Trend        Range          Bullish        Bullish        Bullish
1 Month Trend       Range          Bullish        Bullish        Bullish
3rd Resistance      16028.0        7662.0         7300.0         4324.0
2nd Resistance      15960.0        7640.0         7252.0         4303.0
1st Resistance      15890.0        7610.0         7227.0         4292.0
Pivot*              15788.7        7543.7         7158.8         4253.2
1st Support         15718.0        7525.0         7148.0         4249.0
2nd Support         15655.0        7482.0         7119.0         4229.0
3rd Support         15603.0        7452.0         7090.0         4211.0

CAC 40 session: The RSI (“Relative Strength Index”), an indicator for measuring market dynamics, lacks momentum. Taking long positions is recommended beyond 7,148 points, with targets at 7,227 points, then 7,252 points. In the event of a depression of 7,148 points, the contract should continue to decline towards 7,119 points, then 7,090 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

January 20, 2022 02:58 ET (07:58 GMT)



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