The CAC 40 Index jointly with other European markets is under intense pressure in recent weeks. The fighting in the Eastern Europe does not contribute to buying risky assets and now the investor sentiment is further from positive.
The last daily candlestick updated the September minimum at 6390. Then, the benchmark for sellers is moving to the summer minimum of the past year at 6250.
The RSI approached the oversold zone though the reversal was not materialized so far. In case of an upward bounce, the target will be the level of 6600 and the downtrend line from 10 February.
This content is for informational purposes only and is not intended to be investing advice.
