Cac 40 ST: bullish bias above 7100.00.

Pivot: 7100.00

Our preference: long positions above 7100.00 with targets at 7900.00 & 8260.00 in extension.

Alternative scenario: below 7100.00 look for further downside with 6905.00 & 6760.00 as targets.

Comment: the RSI is above its neutrality area at 50%.

Supports and resistances:

8390.00

8260.00

7900.00

7744.38 Last

7100.00

6905.00

6760.00