CAC40 Daily Update
The CAC40 cash index closed lower by 0.29%, at 8,235.98 points, with an average volume of €3.78 billion.
The Paris market fell on Monday because talks between the United States and Iran in Pakistan broke down. President Donald Trump said the U.S. would block naval traffic through the Strait of Hormuz, raising worries about world energy supplies.
Asian markets also ended lower, and oil prices moved back above $100 a barrel, showing investors were nervous.
U.S. Vice‑President J.D. Vance said the American delegation left the talks after Iran refused to give up its nuclear goals. Iran set several conditions that were not accepted, such as controlling the Strait of Hormuz, war reparations, a regional cease‑fire that includes Lebanon, releasing frozen foreign assets, and charging transit fees.
The biggest problem remains Iran’s desire to keep its nuclear program, which Washington rejects.
April Futures
Resistance levels: 8,270 – 8,303 – 8,338 – 8,366 – 8,423 – 8,551.
Support levels: 8,247 – 8,209 – 8,180 – 8,095 – 8,053 – 8,024 – 7,983 – 7,836 – 7,749.5 – 7,615 – 7,557.5 – 7,532 – 7,398.5.
In intraday trading, the bias is bearish below 8,268 points.
Graphically, the April CAC40 future (data at 14:00) shows renewed weakness after a brief improvement last week. The cash market opened with a gap down between 8,242.75 and 8,200.34 points. Filling this gap could be a first positive sign and might allow the rally that started on March 23 to continue.
Technical indicators are slipping a little. The MACD histogram points lower, and the RSI is pulling back from an over‑bought zone. Trading volume is also a bit lower than the previous week, indicating more cautious participation.
Conversely, if the bullish gap of April 8 is filled, the current rebound could stop. A fall through the 20‑day moving average (around 8,000 points at 14:00) might trigger a correction. In that case, the index could slide toward the 7,500‑point area, and if it goes lower, the decline could speed up toward the weekly reversal neckline at 7,092.5 points.
Conclusion
The failed U.S.–Iran talks halted the ongoing rebound, but they did not completely erase it. Because of the unclear outlook and a less attractive risk‑reward balance, we took partial profits on our Dynamic and Investor portfolios. We also increased protection: we bought BX4, a 2‑times inverse ETF, for the Investor portfolio, and added a 5‑times short position for the Dynamic portfolio. We stay alert and are ready to adjust exposure quickly as technical signals evolve.