Market snapshot
The CAC 40 cash index closed the day down 0.21%, finishing at 8,103.85 points with a turnover of €2.112 billion.
Paris’s equity market barely reacted to the latest U.S. growth figures, which were released later than expected. The U.S. Commerce Department’s Economic Analysis Bureau reported a seasonally‑adjusted annual growth rate of 4.3 % for Q3, well above the market consensus of 3.3 % and up from 3.8 % in the previous quarter. The stronger‑than‑anticipated expansion reflects solid household and corporate spending and a slight easing of trade tensions.
Even with the upbeat data, French traders showed limited movement because the numbers are now historical and only marginally influence expectations for the coming quarters. Still, the surprise reinforces the resilience of the American economy and may spark renewed debate on monetary policy and medium‑term growth outlooks.
Technical outlook – January future
Key resistance levels sit at 8,143.5, 8,152, 8,172.5, 8,193.5, 8,237.5, 8,281, 8,371.5, 8,465, 8,649.5 and a strong barrier near 9,280 points.
Major support zones are found at 8,101, 8,087.5, 8,067, 8,016, 7,978, 7,970, 7,933, 7,907, 7,880.5, 7,840, 7,793, 7,765.5, 7,744.5, 7,727.5, 7,707.5, 7,683.5, 7,655, 7,640, 7,584, 7,560, 7,540, 7,431.5, 7,378, 7,174.5, 7,060, 7,045, 6,885, 6,714.5 and a deep floor around 6,524 points.
Intraday the market is holding a bullish bias above 8,172.5. Graphically, the CAC 40 future continues a horizontal consolidation that began at the end of November, bounded by a clear trading range between 8,016 and 8,172.5 points. The index has repeatedly failed to break out upward, indicating a lack of strong catalysts and muted confidence among participants.
On the short side, a break below the range’s midpoint (8,087.5) would likely trigger a sell‑off toward the lower edge of the range at 8,016. As long as the price stays above this threshold at closing, the short‑term bias remains positive. A decisive breach of 8,016 would push the index into a warning zone down to 7,915.5 points. A brief dip into that area might be tolerated, but any close below would reactivate medium‑term bearish pressure, potentially driving the price toward the major support corridor between 7,640 and 7,560. If that corridor collapses, the next target could be the neckline of a triple‑top pattern near 7,060 points.
Conversely, a confirmed surge past the intermediate resistance at 8,172.5 would break the current consolidation, opening the path toward historic highs. The next logical target would be the upper limit of the current trading range at 8,325.5 points, followed by the long‑term bullish channel ceiling around 8,431 points.
At this stage we adopt a watchful stance, awaiting a clearer directional cue. We remain alert for favorable chart patterns that could justify a modest increase in exposure for dynamic and investor‑focused portfolios, while monitoring any breach of the critical technical levels outlined above.