CAC Forecast November 13, 2015, Technical Analysis

The Parisian index fell during the day on Thursday, testing the 4850 level. This is an area that has been supportive recently, so we would not be surprised to see a bounce from here. Even if we break down below here though, there is a That extends down to the 4800 level, and that of course should offer quite a bit of support as well. Even below there, we see quite a bit of support at the 4750 handle, so although things look a bit soft at the moment, we are not willing to sell and are going to have to be patient in order to start buying again.