CAC 40 : Locked market
Check out the trading range breakout
4920 / 5020
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Parisian stocks showed little volatility during this first session of the week, with the CAC40 index ending up a small 0.18% increase of 4971 points, led by Pernod Ricard (+3.2%) and STM (+1.5%).
Today, the investors will take note of the building permits and of the new construction starts at 2:30 pm. In the meantime, future index contracts show a slight increase of 0.1%.
Graphically, in hourly data, no change, the prices stabilize beyond the average 100 periods. The 100-point gap remains open and the low limit is 5020 points, which is the short-term resistance. Conversely, it would take a break of 4920 points to further degrade the configuration and aim at the lower target, 4880 points and then, by extension, 4840 points.
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