CAC 40 Futures Forecast December 11, 2012, Technical Analysis

The Parisian futures market had a slightly positive session on Monday, as we continue to find the €3600 level supportive. This looks like a launching spot for much higher pricing, as it is a long-term support and resistance zone. Because of this, we are very bullish of this market, and are currently trying to build a position and it.

On a break above the €3650 level, we feel that this market will continue much higher and we should see €4000 sometime next year. With this in mind, we are looking to add to our position at that point. Alternately, we feel that a break below the €3570 level will signal a failure and could have the market pullback to the €3500 level.