CAC40: The moment of truth...
The Cac40 is heading to the top of the tunnel, after opening with a bullish gap yesterday. Breaking out 4673.96 will lead it to 4783.38, the tunnel's target. The previous three days can be considered as the ascending triangle's signal, which was not rejected, since the rejection level around 4501 was not breached. I has about the same objective as the current tunnel.
Any reverts will have the gap, and its EMAs as a support.
The daily Pivot Point is around 4634.42. The French benchmark's daily support levels are around 4615.5 and 4585.16. The daily resistance levels are around 4664.76 and 4683.68.
Any reverts will have the gap, and its EMAs as a support.
The daily Pivot Point is around 4634.42. The French benchmark's daily support levels are around 4615.5 and 4585.16. The daily resistance levels are around 4664.76 and 4683.68.
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