We have been talking about the €3600 level in the CAC market for several days now, and Tuesday finally saw an explosion up words in this marketplace. Is
We have been talking about the €3600 level in the CAC market for several days now, and Tuesday finally saw an explosion up words in this marketplace. Is because of this that there can be little doubt now that the level is broken and the direction is higher.
The candle closed at the very highs of the day on Tuesday, and as a result we think that any pullback at this point in time should be a buying opportunity, and we will be treated as such. A break above the highs of the Tuesday session also is a buying opportunity and we believe that this market has plenty of room to run going forward.
CAC 40 Index Futures Forecast December 12, 2012, Technical Analysis
Being FXEmpire’s analyst since the early days of the website, Chris has over 20 years of experience across various markets and assets – currencies, indices, and commodities. He is a proprietary trader as well trading institutional accounts.
