Cac 40 ST: caution.

Pivot: 7900

Our preference: long positions above 7900 with targets at 8314 & 8500 in extension.

Alternative scenario: below 7900 look for further downside with 7750 & 7620 as targets.

Comment: investors have to remain cautious since these levels may trigger profit taking.

Supports and resistances:

8590

8500

8314

8157 Last

7900

7750

7620