CAC 40 Index Futures Forecast December 31, 2012, Technical Analysis

The CAC 40 Index futures fell precipitously during the Friday session, as we lost 1.5%. The Parisian stock index has been one or more interesting trades lately, and we have seen a significant break out above the €3600 level. Because of this, we have been very bullish of this market, but have to admit that this candle could change things.

At this point time though, we still see the €3600 level as potential support, and as a result we will have to wait to see what happens at that level in order to make our next trade. Quite frankly, we figure that taking a supportive candle right around the €3600 level is the easiest trade to take. This is what we hope to see, and at this point in time or waiting to see it.