TECHNICAL ANALYSIS: The uptrend of the CAC 40 contract is running out of steam


Index Futures:      DAX40          FTSE100        CAC40          E-STOXX
Eurex          ICEEurope      Euronext       Eurex
Previous Close      15423.0        7227.0         6954.0         4154.5
1 Week Trend        Range          Bullish        Bullish        Bullish
1 Month Trend       Range          Bearish        Bullish        Bullish
3rd Resistance      15728.0        7358.0         7110.0         4231.0
2nd Resistance      15600.0        7331.5         7050.0         4207.0
1st Resistance      15540.0        7289.0         7016.0         4191.0
Pivot*              15476.3        7241.2         6940.8         4172.0
1st Support         15380.0        7213.5         6876.0         4139.0
2nd Support         15315.0        7168.5         6835.0         4119.0
3rd Support         15255.0        7142.0         6802.0         4104.0

CAC 40 session: the trend remains bullish for the moment but the momentum is running out of steam. Taking long positions is recommended above 6,876 points, with objectives of 7,016 and 7,050 points. If 6,876 points are lowered, the contract should continue to decline to 6,835 points, then 6,802 points.

Over one week, the trend is bullish for the contracts on the flagship index of the Paris Bourse, the Euro Stoxx 50 and the FTSE 100, and neutral for the contract on the DAX 40.

* The 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 Aurélie Henri) ed: LBO

Agefi-Dow Jones The financial newswire

Dow Jones Newswires

December 23, 2021 04:18 ET (09:18 GMT)



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