CAC 40 Rises After Surprise US‑Iran Talks Boost Market
The French CAC 40 index closed higher, gaining 0.79% to reach 7,726.20 points. Trading volume was strong at 6,323 million euros.
After a sharp correction on Friday, the market turned around during the session. The change came after the U.S. President spoke about constructive talks with Iran and said the U.S. would stop striking Iranian energy facilities. Iran later denied the statement, keeping the situation uncertain.
Shares that had dropped in earlier sessions bounced back. Companies such as Société Générale, Kering and ArcelorMittal gained ground. In contrast, TotalEnergies fell because oil prices slipped.
Over the weekend, tensions rose. The U.S. President threatened to hit Iranian electric infrastructure if the Strait of Hormuz was not fully opened within 48 hours. Tehran warned it might use naval mines and target regional energy sites.
Investors hope the oil traffic through the strait will normalize soon, but they remain cautious until clear results appear from the talks.
April Futures Outlook
Key resistance levels: 7,752 – 7,770 – 7,820 – 7,874 – 7,930 – 7,998 – 8,050 – 8,062 – 8,131.5 – 8,190 – 8,214.5 – 8,277.5 – 8,303 – 8,338 – 8,366 – 8,423 – 8,551.
Key support levels: 7,712 – 7,689 – 7,615 – 7,557.5 – 7,530 – 7,432.5 – 7,310 – 7,254 – 7,209 – 7,139 – 7,092.1.
Intraday bias is bearish, but the market stays positive above 7,576 points.
Technical Picture
Even though the CAC 40 is still under pressure, today’s price action shows a possible rebound. The morning candle looks like a “penetrating” reversal pattern, suggesting the start of an upward move.
The price zone reached this morning could act as a strong buying area if the market becomes less uncertain. These levels match the upper edge of a long‑term bullish channel and the lower bound of a wide trading range that lasted from May to September 2025.
For the rally to stay alive, the market needs to fill the gap opened on March 20, between 7,787.95 and 7,944.34 points. If the gap stays open, downward pressure may return quickly.
Indicators are turning more positive: the MACD histogram is moving back above zero, the RSI is climbing from oversold territory, and volume is increasing, showing renewed interest.
Risk Scenarios
If the index falls below 7,712 points, the current upside could weaken. A drop under 7,664 points – the middle of Friday’s large red candle – would signal a stronger sell‑off. If the day’s low of 7,509.5 points is broken, the correction that only paused earlier may continue, aiming for the next major support zone between 7,230 and 7,100 points.
Bottom Line
The recent downward acceleration triggered many stop‑loss orders, protecting portfolios. The trend reversal, sparked by the President’s statements, helped the market find a strong support level. This suggests adding positions in dynamic and investor‑focused portfolios, while staying alert for any return of the correction.