The CAC 40 Index futures fell during the session on Tuesday, which of course would never been a huge surprise as the market continues to find significant
The CAC 40 Index futures fell during the session on Tuesday, which of course would never been a huge surprise as the market continues to find significant resistance at the €3500 level. Because of this, we think we will continue to consolidate between €3350 and €3500, and as such we are willing to sell this market on a break of the lows from the Monday session, as it would show a bit more momentum to the downside. As far as buying is concerned, it is almost impossible because of the fact that there is such resistance between 3500 and 3600.
CAC 40 Index Futures Forecast November 28, 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.
