CAC 40 Slides Below 7,600 Amid Global Tensions
The French stock index closed lower, losing 1.82 % and ending at 7,665.62 points. The drop happened while trading volume was strong, around €11.36 bn.
Geopolitical backdrop
Uncertainty in the world made the market nervous. Hopes for calm in the Middle East faded quickly. Fighting flared again, and Iran targeted 16 ships in a southern port. The United States is looking at ways to control Iran’s island of Kharg to push Tehran to reopen the Strait of Hormuz. Washington also wants to slow the rise in oil prices, so it may loosen some sanctions on Iranian oil that is already at sea.
Stock highlights
Renault was one of the few bright spots, ending up 1.17 % at €27.64 after HSBC kept its buy recommendation. In contrast, Hermès fell the most, dropping 4.94 % to €1,656 and sinking to the bottom of the index.
Future contracts (April)
Resistance levels: 7,929.5 → 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.
Support levels: 7,831 → 7,749.5 → 7,615 → 7,557.5 → 7,532 → 7,398.5.
During the day, the market showed a bearish bias under 7,807 points.
Technical picture (data as of 14:00)
The CAC 40 is still heading down in the short term. It has broken several support points, especially around 7,831 and 7,749.5. If the index can stay above the intraday alert at 7,831, a bounce toward the old bullish channel around 8,212 points could be possible. Otherwise, the current correction may continue, pushing the index toward the next supports at 7,557.5 and then 7,398.5 points.
Indicators
The index is below its 20‑day, 50‑day and 200‑day moving averages. The MACD histogram is falling under its signal line. The RSI is in the oversold zone, while trading volume is higher than the previous session.
Conclusion
With geopolitics still tense and the CAC 40 fragile, buying now feels risky. Lack of clear direction and weak technical momentum suggest a short‑term sell bias. We keep adding solid companies with good technical signals and strong fundamentals, such as SIF Holding, to portfolios.
