Monday, 16 January 2012

Closing ACC: 3225 (+0.89%) - The market "celebration" the loss of triple A.

Indifferent to the loss of the triple A French - it must be said that the market had already responded on Friday that this reduction was built anyway, and instead of Standard & Poor's, Moody's today confirmed the triple A French - the CAC is left of the front on Monday. An increase which is still conservative in a bustling little market due to the closure of U.S. markets, with a CAC which is still below its resistance zone of 3245/3250.

After an opening in fall 3180 under the CAC is quickly pressed into the green this morning before recovering in the red and swing for hours between 3190 and 3200 pts. Only at the stroke of 16h that the increase will be implemented. The CAC will then overcome the resistance of 3220 to finish near its top, but then under the 3245/3250.

An area of ​​resistance that seems increasingly threatened with successive tests and successive folds which remain in contact with low vigor. We will be watching tomorrow in any case a possible retest of the area, and any crossing. If so, we should see an upward acceleration in the direction of 3310/3333 or even 3400, and 3290/3295 through 3265/3275.

On the downside, a first support will be noted on 3220, before the second largest in the 3205/3210, see until 3200. As long as these levels hold, the dynamics immediate remain bullish. Below by against the horizontal consolidation go again towards the 3180, 3165 and 3150, before any area of
​​3120/3130. It is only below that should be considered a potential bearish reversal. The upward sloping green tomorrow around 3125/3130.

0 comments:

Post a Comment