Market Summary
The CAC 40 cash index finished the day higher by 0.23%, ending at 7,743.92 points with a trading volume of €4.065 billion.
Paris shares took a short break after yesterday’s bounce. Like other European markets, they are still feeling pressure from the uncertain situation in the Middle East. Remarks from former President Donald Trump that talks with Iran might start helped risky assets for a moment, but many investors stay cautious because Tehran keeps denying any progress and Gulf countries could become more involved.
Early March data for the euro‑zone show a clear slowdown in industry and services. High energy prices and ongoing supply‑chain problems are raising company costs and causing record‑high delivery delays. This mix of higher costs and slower growth raises the risk of stagflation, which keeps investors on edge.
April Futures – Key Levels
Resistance zones (price points where the market may stop rising):
- 7,746 – 7,791 – 7,811 – 7,825 – 7,839 – 7,865 – 7,886 – 7,904 – 7,927 – 7,950 – 7,980 – 8,030 – 8,054 – 8,071 – 8,110 – 8,139 – 8,159 – 8,179 – 8,193 – 8,247 – 8,270 – 8,284 – 8,342 – 8,421
Support zones (price points where the market may find a floor):
- 7,709 – 7,686 – 7,626 – 7,606 – 7,579 – 7,477 – 7,329 – 7,200 – 7,093 – 7,467 – 7,330 – 7,164
The intraday trend stays bullish as long as the price remains above 8,048 points.
Technical View
The April future formed a strong upward move near the intraday alert level after hitting the top of the long‑term bullish channel at 7,606 points. Breaking the intermediate resistance at 7,838.5 points would confirm the rebound, which is still technical after a 13 % consolidation since 27 February.
If the price reaches the short‑term target of 8,053.5 points, it would signal the end of the current consolidation. A further move back into the bullish channel above 8,210 points would strengthen the uptrend. Closing the continuation and breakout gaps at 8,391 and 8,549.5 points could push the market toward 8,740 points. Beyond that, a triple‑top pattern would be invalidated, opening the way to a theoretical target near 9,570 points.
Conversely, a break below the major support at 7,685.5 points would show that the rebound is losing strength, possibly pulling the index back to around 7,579 points. If the alert level is broken at the close, the upward move would be cancelled and a new decline toward the triple‑top neckline could start, potentially dropping the index sharply toward 5,850 points.
Portfolio Outlook
We will keep supporting the Dynamic and Investor portfolios as long as the alert levels stay intact at market close, favoring a bullish scenario. Positions remain in place, but we stay ready to adjust if the index fails to hold the rebound. In that case, we would wait for the price to reach the neckline of the chart pattern before slowly adding new buys, aiming for a better entry point and controlled risk over the medium term.
