CAC40 Closes Lower
The French CAC 40 index ended the day down 0.22%, at 8,245.80 points, with a trading volume of €4.825 billion.
After a big jump of 4.5% on Wednesday, the market took a short break. The pause comes while tensions stay high in the Gulf of Oman and between Israel and Lebanon. These risks could upset the fragile cease‑fire between Iran and the United States.
The war in Ukraine continues, but the Middle‑East looks more unstable. Iran’s parliament leader warned that attacks on Lebanon could break the peace deal. At the same time, oil prices moved up after falling 13% on Wednesday. Brent rose 2.5% on Thursday, reaching about $97 a barrel, but it did not hit $100.
Former U.S. President Donald Trump said American troops will stay in the region until a “real agreement” is signed. This comment adds more pressure on investors. Direct talks between the United States and Iran are planned for Saturday and could change market sentiment.
April Futures Technical Levels
Resistance zones (price levels that may stop a fall): 8,247; 8,270; 8,283.5; 8,341.5; 8,420.5; 8,612; 8,786.5; 9,156; 9,574.
Support zones (price levels that may stop a rise): 8,192.5; 8,138.5; 8,109.5; 8,070.5; 8,053.5; 8,030.5; 7,979; 7,949.5; 7,862.5; 7,838.5; 7,811; 7,790.5; 7,746; 7,709; 7,685.5; 7,626; 7,606; 7,579; 7,477; 7,328.5; 7,200; 7,092.5; 7,466.5; 7,330; 7,164.
Today the market is still above 8,053.5, so the short‑term trend stays upward.
On the chart, the April future is moving near the lower edge of a long‑term upward channel that was rebuilt after a price gap on April 8. If the price climbs back to 8,053.5 and then to the next gap at 8,029, the bullish mood may weaken and some investors could take profit.
A quick bounce above 8,053.5 would keep the short‑term uptrend alive. A clear break below that level could push the price toward the major support at 7,685.5. Falling further toward 7,477 would be allowed, but dropping below would cancel the March‑23 rebound and could start a larger decline toward the “neckline” of a triple‑top pattern at 7,092.5.
On the other hand, staying inside the upward channel and filling the continuation gap at 8,391 could open the way to the breakout gap left on March 2 at 8,549.5. Reaching the top of the channel at 8,780 would finish the consolidation. Breaking that level would erase the weekly triple‑top pattern and aim for a new target around 9,574.
Because the political situation is still uncertain, we are slowly taking profits on strong positions in our Dynamic and Investor portfolios. We continue to look for stocks that show clear chart patterns while keeping risk exposure low.