The CAC 40 Index futures fell during the week as we continue to grind sideways just above the €3600 level. The 3600 level should continue to be support as
The CAC 40 Index futures fell during the week as we continue to grind sideways just above the €3600 level. The 3600 level should continue to be support as far as we can tell, and we have definitely seen a significant break out at that point. Going forward, we are looking for some type of supportive action in this general vicinity in order to initiate large long-term bullish position. Until we get that supportive candle such is a hammer or a nice green one at the €3600 level, we will be waiting patiently.
CAC 40 Index Futures forecast for the week of December 31, 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.
