Now that the CAC 40 index has managed to clear the €3600 level significantly in the futures market, we are very bullish of this market and believe that
Now that the CAC 40 index has managed to clear the €3600 level significantly in the futures market, we are very bullish of this market and believe that France will continue to see higher stock prices overall. We think the €3600 level is now the “floor” in the market, and fully expect to see continued bullishness going forward.
Because of this, we are buying on pullbacks in any signs of support going forward. We are not selling this market; it is obviously breaking down and heading to much higher levels. In fact, based upon the longer-term charts, we could see a move all the way of the €4000.
CAC 40 Index Futures Forecast December 13, 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.
