What if the CAC 40 rebounded to the gap of 8,460 points? This is one of our technical scenarios
Every Thursday, Figaro Patrimoine et Bourse offers you a technical look at the CAC 40: support, resistance, strategy and advice.
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Every Thursday, Figaro Patrimoine et Bourse offers you a technical look at the CAC 40: support, resistance, strategy and advice.
The Paris Stock Exchange greets Donald Trump's defeat with enthusiasm. The polls predicted a victory for the Democrats, but investors, scalded by the American president's multiple about-faces, remained very cautious. If the political context remains complicated, the horizon is nevertheless clearing and gives hope for a settlement of the conflict with Iran and a decline in energy inflation.
Graphically. The CAC 40 first exceeded the resistance at 7933 points before doing the same with that of 8020 points. This double crossing caused a sharp acceleration in the index.
It’s like a popping cork! The dynamics of this increase are very positive, even if we must remain measured. The index is close to the 50% retracement of the downward movement since August, i.e. 8217 points, and the resistance of the bearish channel, located around 8275 points. A close above this level would give the index the strength to join the 61.8% retracement at 8344 points. Even…
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Machine-translated from French
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Only Le Figaro reports this story so far. We show it as a single source until another newsroom confirms it.
- Le Figaro5 Nov, 09:56
| 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.