Despite a slightly higher opening this morning, the CAC operates between two waters, not knowing which direction to take. The bias remains bearish as long as the ACC under the 3160 will, given Friday and the first resistance is key to the session. The ACC has also approached that level this morning, with three tests in the area of 3155/3160.
But the downward pressure is being gradually regain the upper hand, with a market currently down 0.26% to 3129 points, its lowest close of the day. A break of 3120/3125 could also hasten the decline. But the proximity of an important area of support at the level of 3100/3110 could slow the heat of the sellers, especially as the U.S. indices remain in a bullish configuration globally (we will return tomorrow night).
Investors therefore remain in doubt, between what is for now a simple consolidation, but could become a new downward phase. Therefore be monitored for this afternoon a possible breaking of 3120/3125 to 3100/3110 on a return, unless the ACC does not switch back on top of 3160, in which case the increase could accelerate towards the 3180 / 3185 in the first place.
Side values of the CAC is Renault, which ranks first, with a gain of 0.9% following an increase in recommendation. Danone is just behind, also at +0.9%, while Pernod Ricard was up 0.7%. Conversely, it is harder to Peugeot, who suffers from an arbitration in favor of Renault, and yields 2.8%. Financial stocks were also under pressure, which yields 2.3%, or 1.8% Axa loses.
Currencies and commodities side, finally, the euro rebound attempt, taking up 0.3% to $ 1.2755, validating the support area of $ 1.27 mentioned in our latest analysis and which will be discussed by this evening or tomorrow. Gold and oil are down against the transferor oz 0.6% to $ 1,611, while a barrel of crude yields 1% to $ 100.9. We also refer a point on the two media by the end of the week on FSC.
0 comments:
Post a Comment