CAC 40 Price Technical Analysis: Weekly Chart
- In the weekly charts , CAC 40 40 is trading in a downward channel.
- CAC 40 is near its crucial support of 20-days SMA. If it breaks this support, it will possibly test the 50-days SMA level.
- CAC 40 will follow a downward trend in the coming weeks.
- The CAC 40 crucial support level is at 7,001.8 CAC 40 which is near 20 days SMA as of now. There are no signs of a Bullish trend.
- Bears have their tight grip on CAC 40 .
TRADE SIGNAL- CAC 40– SELL: 6,160.80, TARGET:-6.060.30, STOP LOSS:- 6,210.55.