Market Summary
Paris stocks ended the day a little lower. The CAC40 index closed at 8,262.70 points, down 0.14%.
Trading volume was high, around €4.3 billion.
Why the Market Moved
Investors are hopeful that the cease‑fire between Iran and other parties in the Middle East will last longer. If the truce continues, peace talks could move forward.
U.S. President Donald Trump gave a two‑day window to restart negotiations. He also said on TV that the war might end soon. This optimism made some traders buy more riskier assets.
Future April Contracts
Key resistance levels are 8,270; 8,324; 8,366; 8,423; 8,551; and 8,603 points.
Support levels are 8,270; 8,247; 8,209; 8,180; 8,155; 8,129; 8,080; 8,053; 8,024; 7,983; and 7,953 points.
During the day, the market turns bearish if it falls below 8,336 points.
Technical View
At 2 p.m., the CAC40 futures still show an upward bias. After a strong gap up on April 8, the index used the 200‑day moving average for support on April 13. It quickly went back to its long‑term up channel the next day and bounced again on April 15, sparking short‑term strength.
Traders should stay careful because earnings season has started and geopolitical tension could rise again.
Open‑interest data shows fewer new positions this week, suggesting operators are waiting for clearer signals.
A Wolfe wave pattern appears as a possible bearish reversal. If the index drops below 8,250 points, it could move toward a consolidation area near 7,780 points.
Indicator Snapshot
The MACD histogram is steady around its middle zone. The RSI is edging toward over‑bought levels. Trading volume is a bit lower than last week, indicating slightly weaker participation.
What Could Restart the Uptrend?
For the market to climb again, it must fill the March 3 down‑gap between 8,336.05 and 8,378.18 points. Closing that gap would allow the index to target the March 2 gap, a step toward the 2025 highs.
Conclusion
Because the Middle East situation is still unclear, we lowered exposure to French equities while strengthening protective measures in dynamic and investor portfolios.
We still see selective buying opportunities and keep about 60% of the Dynamic portfolio and 63% of the Investor portfolio in place, staying alert to market changes.