CAC 40 Futures forecast for the week of November 12, 2012, Technical Analysis

The CAC 40 futures had a volatile time of it over the last five sessions as the market went both to the €3500 level, and the €3400 level. It managed to break both of these barriers and simply contract yet again. The market looks very tight at this point, and as such we do not think that there is much in the way of a longer-term trading opportunity.

However, if we smash through the €3350 level, we think that a short position could be initiated. If we managed to break above the €3600 level, this would be an obviously bullish sign that would have us buying and holding this futures contract. Until then, it is very difficult to be involved in this from a longer-term perspective.