The CAC futures gained over the last week, as we continue to consolidate between 3350 and 3550. It is at the €3350 level that we would consider selling
The CAC futures gained over the last week, as we continue to consolidate between 3350 and 3550. It is at the €3350 level that we would consider selling the futures as this market would be showing a little bit of a break down at that point. However, we see an obvious level at €3600 for a buy signal as it would show resistance giving way. In the meantime, this market looks like it’s very tight and wants to consolidate – which of course is not conducive for the long term trader.
CAC 40 Futures for the week of November 5, 2012, Technical Analysis
Chris is a proprietary trader with more than 20 years of experience across various markets, including currencies, indices and commodities. As a senior analyst at FXEmpire since the website’s early days, he offers readers advanced market perspectives to navigate today’s financial landscape with confidence.
