CAC Forecast August 6, 2015, Technical Analysis
The CAC as you can see shot higher during the course of the session on Wednesday, breaking above the recent high. Ultimately, we tested the €5200 level. With this, if we can break above €5200, we are buyers as the market should then reach towards €5280 level. Pullbacks at this point time should continue to offer buying opportunities, as the market certainly looks well supported below, and we believe that it should continue. In fact, we feel that the longer-term trend to the upside should start continuing in this particular region. We have no interest in selling the Parisian index at all.