TECHNICAL ANALYSIS: The contract on the CAC 40 lacks dynamism


Index Futures:      DAX40          FTSE100        CAC40          E-STOXX
Eurex          ICEEurope      Euronext       Eurex
Previous Close      15851.0        7483.0         7142.0         4257.0
1 Week Trend        Range          Bullish        Bullish        Bullish
1 Month Trend       Range          Range          Bullish        Bullish
3rd Resistance      16077.0        7597.0         7233.0         4325.0
2nd Resistance      16005.0        7556.0         7207.0         4296.0
1st Resistance      15980.0        7530.0         7190.0         4289.0
Pivot*              15908.3        7502.5         7145.0         4271.8
1st Support         15870.0        7472.0         7135.0         4262.0
2nd Support         15820.0        7452.0         7115.0         4252.0
3rd Support         15784.0        7432.0         7096.0         4243.0

CAC 40 session: The RSI (“Relative Strength Index”), an indicator for measuring market dynamics, lacks momentum. Taking long positions is recommended beyond 7,135 points, with targets at 7,190 points and 7,207 points. In case of depression of 7,135 points, the contract should continue its decline to 7,115 points, then 7,096 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.

* 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: xxx

Agefi-Dow Jones The financial newswire

Dow Jones Newswires

January 17, 2022 03:21 ET (08:21 GMT)



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