The CAC 40 Index Futures fell during the session on Wednesday as we pulled back from the 3700 level. However, since we are well above the 3600 level we
The CAC 40 Index Futures fell during the session on Wednesday as we pulled back from the 3700 level. However, since we are well above the 3600 level we are only buying this market as we consider it a significant break out. Looking forward, we think that 3600 should continue to be the “floor” of this market, and as such we are buying dips that show any signs of support whatsoever. We are even willing to do it on short-term charts such as the 15 or 30 minute variety. With that being said, we are not selling this market until we close well below the 3600 level, and do not expect see that anytime soon.
CAC 40 Index Futures Forecast December 27, 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.
