Monday, July 5, 2010

CAC Weekly Outlook 04072010

CAC 40 index from paris nothing new last weeks.
For  information about cac40 france click here
Weekly outlook suggests that a temporary top is formed, with double top formation pattern target near 3000 but cac have anothers numbers before.
We can ignore bearish divergence last high so below 3670 expect 3207 possible extension to 3050.
MACD last signal >> SELL 
RSI >> Bearish
Resistances: 3604, 3646 and 3670
Suport 3207 and 3095
To see more thoughts indexes  and here to see more thoughts forex
Click to zoom in. Good luck folks.
CAC - Weekly Chart


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