Cac 40 ST: caution.

Pivot: 7900

Our preference: long positions above 7900 with targets at 8120 & 8314 in extension.

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

Comment: the RSI is mixed and calls for caution.

Supports and resistances:

8500

8314

8120

8035 Last

7900

7750

7620