CAC 40 neutral

Temporary correction of the French stock index

09 March 2022 185
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As of 8 March, the European indices of FTSE100, DAX, and CAC40 have lost from 6% to 10% of the price since the start of trading on 24 February.

 

Today, on the daily chart of CAC40, we observe some correction which may reach the Fibonacci retracement level of 38.2%.

 

However, further decline in the index is indisputable amid the unfavorable geopolitical situation.

 

The expected levels of decline are 5390 and 5150.

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