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
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.
