Cac 40 (Euronext) (K5) Intraday: bullish bias above 7270.00.

Pivot: 7270.00

Our preference: long positions above 7270.00 with targets at 7445.00 & 7500.00 in extension.

Alternative scenario: below 7270.00 look for further downside with 7205.00 & 7140.00 as targets.

Comment: the RSI is mixed and calls for caution.

Supports and resistances:

7590.00

7500.00

7445.00

7350.50 Last

7270.00

7205.00

7140.00