CAC 40 Futures Close Higher
The CAC 40 cash index finished the session up 0.43% at 8,273.84 points, trading on a volume of €4.447 bn.
The Paris market ended the week in a nervous mood, driven mainly by the technology sector. Recent AI news—especially Anthropic’s launch of a new model with built‑in financial‑analysis capabilities—has reignited questions about tech valuations. Amazon’s heavy AI spending further fuels concerns, as investors worry about short‑term profitability pressure.
Stellantis suffered a sharp 25.24% drop to €6.11 after reporting exceptional charges, underscoring how quickly market sentiment can turn when fundamentals are revised downwards.
Geopolitical risk remains on the back‑bench, with ongoing U.S.–Iran nuclear discussions adding a premium to energy‑related assets and keeping volatility alive.
Future CAC 40 – February Contract
Resistance zones: 8,469.5 pts, 8,672 pts, 8,896 pts, 9,188 pts, 8,374 pts.
Support zones: 8,246 pts, 8,216 pts, 8,188.5 pts, 8,150 pts, 8,116 pts, 8,095 pts, 8,089.5 pts, 8,046 pts, 8,034.5 pts, 7,995 pts, 7,917 pts, 7,867.5 pts, 7,817.5 pts, 7,770 pts, 7,606.5 pts, 7,548 pts, 7,456.5 pts, 7,303.5 pts, 7,134.5 pts, 6,910 pts.
Intraday sentiment: The market is bullish as long as the price stays above the 8,246 pts support.
Technically, the February future performed a throwback from the top of its trading range (8,034.5 – 8,188.5 pts) that has defined price action since January 19. A decisive break above the 8,246 pts re‑activation level would confirm a renewed up‑trend. The first technical target would be around 8,344 pts, derived by projecting the height of the range. If that level holds and the index sustains three consecutive closing sessions above it, the longer‑term bullish corridor could be re‑ignited, pointing to an ambitious target near 8,544 pts.
Conversely, a dip back into the previous congestion zone (around 8,116 pts) would be tolerated without invalidating the overall up‑trend. However, a close inside that range would signal short‑term neutrality, shifting the next aim to the range median at 8,116 pts. A breach below the lower bound (8,034.5 pts) would mark a strategic support break, opening the door for a medium‑term correction toward 7,606.5 – 7,548 pts.
Below 7,134.5 pts, the “neckline” of the triple‑top pattern acts as a major support. Its violation would likely trigger a prolonged consolidation, dropping the index over 1,000 pts and confirming strong selling pressure.
Portfolio Outlook
We have re‑balanced the Dynamic and Investor portfolios around the intraday alert level of 8,188.5 pts, keeping a cautious stance on geopolitical developments that could act as a catalyst for market moves. The earnings season also remains a decisive factor; any miss on expectations could prompt isolated stock adjustments.
