Weekly- CAC above 4480 remain buy

Weekly- CAC above 4480 remain buy

CAC 40 weekly forecast for 21 to 25 November 2016

CAC 40 index this week closed flat negative on profit booking. After last 2 weeks volatile move traders and investors taking some profits out of the table. Cac is consolidating around major support of 4480.

Above this level cac will remain bullish and buy for targets 4610 which was already achieved in last short covering rally. Above 4610 next positional target as well as major resistance for CAC future will be 4700.

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