CAC 40 Ends Day Lower
The CAC 40 cash index finished the session down 1.17% at 8,202.08 points, with a strong turnover of €4.869 bn.
The Paris market took a healthy pause after yesterday’s big jump, which was helped by short sellers covering their positions. Traders are hoping the tension in the Middle East eases, which could lift economies in Europe and Southeast Asia.
During the session, the upward move slowed. Paris stayed unsure, while Wall Street struggled to keep its small gains as investors watched for a possible US‑Iran deal. Optimism is still fragile.
A recent Israeli strike in Beirut reminded everyone that the cease‑fire is fragile and market uncertainty remains high.
May Futures – Key Levels
Resistance points: 8,337; 8,260.5; 8,286; 8,343; 7,456; 8,575; 8,790
Support points: 8,176; 8,153.5; 8,093; 8,062; 7,984; 7,961; 7,834; 7,719; 7,669; 7,540.5
In intraday trading, the bias is bullish above 8,201 points.
Technical Outlook
At 2 PM, the CAC 40 future tried to climb back into its long‑term up‑trend channel above 8,210 points. The signal looks hopeful, but it needs confirmation and protection to prove a lasting rebound.
The first step would be to break the April 17 high at 8,365.5 points. A further move would close the March 2 cash gap between 8,455.65 and 8,553.94 points, which opened after a coordinated US‑Israeli offensive against Iran.
If these levels are passed, higher highs could be possible.
Technical indicators show the MACD histogram turning upward, indicating fresh momentum. The RSI is now in over‑bought territory, meaning short‑term buyers are strong. Trading volume is also higher than last week, confirming the activity boost.
On the downside, a fall back to the lower border of the long‑term up‑trend channel would be a logical technical scenario, as long as the index does not drift far away and the May 6 bullish gap (8,100.5‑8,062) stays intact.
Closing that gap could reignite selling pressure, pulling the index toward the psychological 8,000‑point level, then to 7,900, and possibly testing the May 4 low of 7,862.5 points.
Conclusion
Because a possible easing between Washington and Tehran is on the table, the CAC 40 dismissed a bearish reversal pattern and re‑entered its long‑term up‑trend channel. We have gradually rebuilt exposure in dynamic and investor portfolios, ended our short‑term bearish play on the CAC 40, and closed hedge positions (including BX4). If the upward trend continues, we may increase exposure while staying cautious and ready to adjust quickly as technical signals evolve.