CAC 40 Ends Day Lower
The CAC 40 cash index closed down 0.71% at 7,984.44 points, with an average volume of €4.724 billion.
The Paris market stayed under pressure on Thursday. The cause was mixed messages from U.S. President Donald Trump about the war in Iran. First he said the conflict might end soon, then he warned that a longer fight could hurt the world economy.
Trump now says stopping Iran from getting a nuclear weapon is more important than worrying about oil prices. Yet oil prices keep rising after the U.S.–Israel attack on February 28 and Iran’s retaliation.
Iran’s new supreme leader, Ayatollah Mojtaba Khamenei, said the Strait of Hormuz will stay closed. He wants to avenge victims and asks countries to shut down U.S. bases on their soil.
Higher oil prices raise fears of energy shortages and more inflation. Because of this, investors are selling risky assets and looking at the private credit market with caution.
Key Levels for CAC 40 Futures (March)
Resistance points: 8,055; 8,077; 8,131; 8,170; 8,192; 8,241; 8,274; 8,325; 8,415; 8,551; 8,632; 8,810; 8,910.
Support points: 8,019; 7,991.5; 7,873; 7,853; 7,831; 7,740.5; 7,615.5.
During the day, the market looks higher if it stays above 7,916 points.
Technical Outlook
The chart at 2 p.m. shows the CAC 40 still has bounce potential. However, a down‑trend started early in the month after a series of lower gaps following the Middle‑East war news.
First, the index must stabilize and re‑enter its long‑term upward channel that began on March 5. The lower edge of that channel is around 8,130‑8,140 points.
Breaking above this area would show investors feel more confident. Next, the index needs to fill the March 3 gap between 8,298.31 and 8,378.18 points.
Finally, it should close the March 2 gap from 8,461.75 to 8,553.94 points. If these steps happen, the market could move toward its historic highs.
Technical indicators are improving. The MACD histogram is rising toward a rebound signal, and the RSI follows the same trend. Trading volume stays strong, especially when the price drops.
If the index falls back below the March 10 gap bottom at 7,929 points, a new decline could start. The next important level would be around 7,900 points. Keeping the weekly close above this level would help keep the medium‑term uptrend alive.
Conclusion
We still see pressure on the market, so we do not recommend adding more risky stocks to portfolios right now. If the downtrend continues, we would cut exposure. If the long‑term upward channel comes back, we could consider adding positions.