CAC40 (FR40) Index outlookBullish Scenario:
The CAC (F40) index maintains a bullish outlook, supported by the prevailing longer-term uptrend. The recent intraday price action indicates a bullish breakout above a period of sideways consolidation. The key level to watch is 8100, which marks the breakout zone and aligns with the rising support trendline. A corrective pullback that finds support at 8100, followed by a bullish rebound, could trigger further upside movement towards 8265, with extended targets at 8308 and 8354 over a longer timeframe.
Bearish Scenario:
A confirmed breakdown below the 8100 level, particularly with a daily close beneath this support, would negate the bullish outlook. This would expose the index to a deeper retracement, with immediate support at 8017, followed by 7983 and 7928, indicating a potential shift towards a corrective phase.
Conclusion:
The broader trend remains bullish, but 8100 is a pivotal level. Holding above this zone reinforces upside potential, while a decisive break below it could lead to increased selling pressure. Traders should monitor price action around this key level to confirm the next directional move.
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