The CAC 40 Index futures rose for the session on Monday, but just nine points. This market looks like its stalling right now, and may pullback to retest
The CAC 40 Index futures rose for the session on Monday, but just nine points. This market looks like its stalling right now, and may pullback to retest the €3600 level for support. We see no reason why it shouldn’t act as such, and would look at that level as an area to start buying again. We have broken out, but the fact is that we are in the last two weeks of the year which of course means low-volume. Because of this, we may not see a significant move higher until after the New Year, but still believe that the ultimate direction as higher.
CAC 40 Index Futures Forecast December 18, 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.
