Cac 40 ST: under pressure.

Pivot: 8225

Our preference: short positions below 8225 with targets at 7940 & 7870 in extension.

Alternative scenario: above 8225 look for further upside with 8314 & 8500 as targets.

Comment: as long as 8225 is resistance, look for choppy price action with a bearish bias.

Supports and resistances:

8500

8314

8225

8014 Last

7940

7870

7620