Cac 40 Intraday: bullish bias above 7800.00.

Pivot: 7800.00

Our preference: long positions above 7800.00 with targets at 7930.00 & 8005.00 in extension.

Alternative scenario: below 7800.00 look for further downside with 7745.00 & 7695.00 as targets.

Comment: even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

Supports and resistances:

8079.00

8005.00

7930.00

7910.49 Last

7800.00

7745.00

7695.00