The CAC 40 Index futures initially fell during the session in order to retest the €3600 level for support. The area did in fact hold true, and as a result
The CAC 40 Index futures initially fell during the session in order to retest the €3600 level for support. The area did in fact hold true, and as a result we bounced up during the session and formed a hammer at the very highs. This is an excellent bullish set up as far as we can tell, and as a result a break of the highs from the Tuesday session’s hammer would have us adding to an already long position. We see absolutely nothing to stop this market from hitting the €4000 level over the course of the next several weeks.
CAC 40 Index Futures Forecast December 19, 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.
