Paris Stock Market Soars After Ceasefire Announcement
The French CAC 40 index closed up 4.49% at 8,263.87 points, with a heavy trading volume of €8.133 billion. The market kept climbing and touched a high of 8,304.95 points.
The jump came after a 15‑day cease‑fire between the United States and Iran was announced by President Donald Trump, and after the Strait of Hormuz reopened for ships. Investors felt the risk of a supply disruption was lower, so they moved money back into stocks.
Bond yields fell too. The French 10‑year OAT yield dropped below 3.60%, a fall of more than 20 basis points. Oil prices also fell, with Brent crude slipping under $94 a barrel, which pushed TotalEnergies shares down 3.09% to €76.81.
April Futures: Key Levels
Resistance (price may stop rising): 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 (price may stop falling): 7,831 – 7,749.5 – 7,615 – 7,557.5 – 7,532 – 7,398.5.
The market is bullish for the day as long as it stays above 8,202 points.
Technical Outlook
The index opened with a big upward gap between 8,029 and 8,201.5 points, showing strong buying interest. To prove the rally is solid, the CAC 40 must stay above 8,214.5 points for three consecutive closes and then break the major resistance at 8,303 points. Filling the continuation gap (8,336‑8,358) and the break‑away gap (8,473.5‑8,544) would give extra support for the uptrend.
If the index falls back into the gap and drops below 8,029, it could test lower levels. A failure to restart the rally from that area would be a warning sign. A full gap fill followed by a break could start a correction toward the “cup with handle” neckline at 7,892 points. Breaking that could push the index toward the next supports at 7,557.5 and 7,398.5 points.
Indicators are all bullish: the price is above the 20‑, 50‑ and 200‑day moving averages, the MACD histogram is rising above its signal line, the RSI is in the over‑bought zone, and trading volume is higher than the previous session.
Conclusion
The rapid rise today reflects the market’s quick relief from a major geopolitical worry. We have taken some profit on leveraged CAC 40 products such as 2× ETFs and 5× certificates. While we previously suggested trimming positions near the old long‑term channel low, the current performance still leaves room for upside. We will keep watching for the gap fills mentioned above, as they could trigger new trading opportunities.
