Every week, Figaro Patrimoine et Bourse offers you a technical look at the CAC 40: support, resistance, strategy and advice.
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Every week, Figaro Patrimoine et Bourse offers you a technical look at the CAC 40: support, resistance, strategy and advice.
Supported by the decline in oil prices, the Paris Stock Exchange continues its rise. Europe, like Asia, would be the big winners. A reduction in inflationary pressure would have a positive impact on purchasing power, a sensitive subject at the moment!
Graphically. The CAC 40 took a break by making a brief return to 8,049 points. Then it accelerated to exceed 8275 points and approached our major resistance of 8344 points, with a peak at 8337 points.
The dynamic is positive and crossing 8275 points, accompanied by a gap, constitutes a good signal. That being said, the movement seems a little rapid when we observe the rebound in cyclical stocks, the big beneficiaries of the fall in Brent. So in the short term, the CAC could return to the gap 8244/8278 to take a breather, but also slide into the support zone of the bullish channel located around 8140/8177. A fix below these levels would mark weakness and point towards 8048 points or even…
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Machine-translated from French
Only Le Figaro reports this story so far. We show it as a single source until another newsroom confirms it.
| Publisher Le Figaro (established tier) | +76 |
| Total | 76 |
Method: reports are grouped by the words of their headline and summary; each newsroom counts once; figures are read from the reports as published. Nothing here is written by an AI.
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