CAC 40 Futures Forecast October 25, 2012, Technical Analysis

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Paris saw the CAC fall during the session on Wednesday, and test the €3400 level. This area begins a significant amount of support all the way down to the €3500 level, and as such we expect this market to be somewhat elevated at this point. However, we admit freely that the €3300 level is an area that if we break through, market should fall quite a bit farther. In the meantime, we are simply waiting to see how the market reacts to this general vicinity, and will not hesitate to buy supportive candles if they should appear.

 

CAC 40 Futures Forecast October 25, 2012, Technical Analysis

CAC 40 Futures Forecast October 25, 2012, Technical Analysis

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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.

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