Cac 40 Intraday: consolidation in place.

Pivot: 7729.00

Our preference: short positions below 7729.00 with targets at 7650.00 & 7614.00 in extension.

Alternative scenario: above 7729.00 look for further upside with 7778.00 & 7900.00 as targets.

Comment: as long as 7729.00 is resistance, look for choppy price action with a bearish bias.

Supports and resistances:

7900.00

7778.00

7729.00

7694.44 Last

7650.00

7614.00

7600.00