CAC 40 Futures Forecast November 20, 2012, Technical Analysis

Get Forex buy/sell signals directly to your email and by SMS.
To learn more click here

The CAC 40 Index rose during the session on Monday as we have filled the gap from back in early August. Now that is happen, we got a nice bounce during the “risk on rally” for Monday. With this being said, we think that we are going to continue to bounce around in the consolidation area.

However,  France’s credit rating has been downgraded by Moody’s again, and as result we very well could see this index fall during the Tuesday session. With this being stated, below the €3300 level we would become aggressively short of this market. As far as buying is concerned, we may hold just simply because of the overnight action.

 

CAC 40 Futures Forecast November 20, 2012, Technical Analysis

CAC 40 Futures Forecast November 20, 2012, Technical Analysis

Want to read more articles like this one?
Enter your e-mail address and read FX Empire content directly from your inbox.
 
We value your privacy. Your e-mail address will not be shared.
About: FX Empire Analyst - Christopher Lewis

Christopher is a part of the FXEmpire.com analysis team. He writes Forex and Commodities technical analyses on daily and weekly basis. Christopher writes his analyses in a professional and yet simple to understand manner. His analyses are available in both text and videos.

  View all of FX Empire Analyst - Christopher Lewis's Articles    
Share Your Thoughts: Post a Comment


Your email address will not be published.


include_once( __DIR__ . "/request_context.php");