TECHNICAL ANALYSIS: The contract on the CAC 40 should fall back

[ad_1]

Index Futures:      DAX30          FTSE100        CAC40          E-STOXX
Eurex          ICEEurope      Euronext       Eurex
Previous Close      15571.0        7430.0         7064.0         4214.0
1 Week Trend        Range          Bullish        Bullish        Bullish
1 Month Trend       Range          Bearish        Bullish        Bullish
3rd Resistance      15910.0        7544.0         7269.0         4293.0
2nd Resistance      15820.0        7519.0         7246.0         4274.0
1st Resistance      15730.0        7479.0         7214.0         4244.0
Pivot*              15525.3        7407.2         7055.8         4194.0
1st Support         15430.0        7365.0         7055.0         4160.0
2nd Support         15300.0        7300.0         7000.0         4110.0
3rd Support         15210.0        7291.0         6966.0         4095.0

CAC 40 session: The RSI (“Relative Strength Index”), an indicator for measuring market dynamics, shows a downward trend. Taking short positions is recommended below 7,214 points, with targets at 7,055 points and 7,000 points. If 7,214 points are crossed, the contract should continue to progress towards 7,246 points, then 7,269 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: VLV

Agefi-Dow Jones The financial newswire

Dow Jones Newswires

January 24, 2022 02:40 ET (07:40 GMT)

[ad_2]

Source link -91