Friday, 27 January 2012

Mid-session CAC: pause or beginning of consolidation?


After its sharp rise yesterday, the CAC will pause today and appears to have eased slightly, yielding 0.39% to 3350 points today. After opening the 3340 area, the CAC has gradually returned towards its closing levels of the day, pushing slightly in the green until 3365/3370 at the stroke of noon. He's back from the red, catching her breath after yesterday's upward recovery.


From a graphical point of view, the market continues to report, however, a nice upward force, and remains in a favorable configuration, at least as long as it remains above the 3340. Below, the situation could weaken, especially as the CAC as Wall Street would need to consolidate. Therefore be monitored carefully the evolution of this afternoon, and the possible breakdown of 3335/3340, which could refer initially 3320/3325 on the market before other media mentioned last night. On the upside, this is a crossing of the highest in the past and present, in 3365/3370, which would allow the market to continue growing.

Side values
​​of the CAC, Vallourec is responding well after a few sessions of declines. The title contains 1.9%, to Cap Gemini which won 1.4% and +1.2% in EADS. Side folds, there are the financial constraints on the market, with BNP which yields 3.2% after a deterioration from a broker. Credit Agricole lost it 1.9% and Societe Generale 1.4%.

Currencies and commodities side, finally, the trend is slightly upward, with an increase of 0.2% joint the euro at $ 1.3137, oil at $ 100 a barrel, or gold, at $ 1,724 an ounce. Movements which, however, remain moderate, and tip the balance for a simple consolidation of the market before the weekend.

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