Cac 40 (Euronext) (K5) Intraday: the bias remains bullish.

Pivot: 7608.00

Our preference: long positions above 7608.00 with targets at 7715.00 & 7815.00 in extension.

Alternative scenario: below 7608.00 look for further downside with 7555.00 & 7449.00 as targets.

Comment: investors have to remain cautious since these levels may trigger profit taking.

Supports and resistances:

7839.00

7815.00

7715.00

7695.00 Last

7608.00

7555.00

7449.00