Cac 40 Intraday: consolidation in place.

Pivot: 7790.00

Our preference: short positions below 7790.00 with targets at 7674.00 & 7609.00 in extension.

Alternative scenario: above 7790.00 look for further upside with 7851.00 & 7900.00 as targets.

Comment: the RSI has struck against a major resistance around 70% and is reversing down.

Supports and resistances:

7900.00

7851.00

7790.00

7727.34 Last

7674.00

7609.00

7588.00