The Parisian index closed at 2 p.m. at the end of a session which reflects, once again, a dramatic absence of interest. Thus, the open position on European derivatives markets, already at historic lows, decreased further for the first session of the January deadline. Indeed, the number of Futures contracts on the Eurostoxx falls below the symbolic threshold of 2 million, while the average for the last 3 years stands at 3.8 million. The scenario is therefore still very open, but the fact that the operators are so far behind makes it likely that there will be sudden, non-significant shifts. To be continued…
The Infos d’Experts team wishes you an excellent Christmas Eve and will see you on Friday, December 27.
On the future December
THE resistors are : 73317357, 7394, 7464, 7517 and 7557 and 7612.
THE supports are : 7246 et 7193 then 7146 and 7074.
Intraday, the trend is bearish below 7331.
Graphically, the Future CAC40 (See attached graph in 14 Hours), once again showed fragility by attempting a new rebound at the opening, quickly aborted against the short-term alert zone 7331/7357.
However, it preserves the upper limit of the medium-term bearish channel, active since September, located at 7276 for the session of December 27 and from which it has already failed to escape between December 6 and 18.
This level represents the final barrier before the major support zone located around 7246, which we recall constitutes the long-term upward trend line systematically preserved since 2023. Its break over several sessions would validate the activation of the trend long-term bearish trend with at least 7146 and 7064 in sight.
Thus, as long as 7276 is preserved the index could reach the 7331/77357 zone, overflowing to seek the first bullish target limited between 7394 and 7422.
Brief & Graphical Analysis of December 24
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