CAC 40 Ends Lower
The CAC 40 cash index closed down 0.95% at 7,979.92 points, with a turnover of €3.9 billion.
Paris stocks fell because the conflict in the Middle East is still very tense. Oil prices kept rising, with Brent passing $106 a barrel. The higher price of oil makes the world economy more uncertain.
Diplomatic talks have stalled. Recent proposals from Tehran were rejected by Washington, and the U.S. President called Iran’s position "unacceptable." This makes a cease‑fire look even harder to reach.
This week, attention will turn to the upcoming meeting in Beijing between Donald Trump and Xi Jinping. The Iran issue is expected to be a major topic, and the United States may try to persuade China to help bring about a deal. China wants a stable region to protect its oil supplies.
Investors are also watching the U.S. inflation report. Consumer‑price growth rose to an annual 3.8%, a bit higher than the 3.7% expected, after 3.3% in March. Higher energy costs are behind this rise. Since February, soaring oil prices have pushed up the price of fuel and everyday goods. The White House is considering a temporary cut in tariffs on some beef imports to ease the cost of beef, which is a key part of food inflation in the United States.
Future May – Key Levels
Resistance levels: 8,019.5 – 8,048.5 – 8,066 – 8,089.5 – 8,190 – 8,208 – 8,240 – 8,343 – 8,466 – 8,912 – 8,434.
Support levels: 7,960 – 7,843.5 – 7,768.5 – 7,676 – 7,512.5 – 6,999 – 6,467.
Intraday trend: The market is bullish as long as it stays above 7,960.
Technical Outlook
The Future CAC 40 tested the short‑term bullish trigger at 7,960 points. A fresh rise from this level could keep the index moving sideways between 7,960 and 8,343. Breaking upward would aim for 8,720 and, eventually, 9,434 points.
If the index falls below 7,960, the next target would be the Wolfe Wave level at 7,630, with a possible dip to 7,512.5. As long as 7,960 holds, the long‑term downtrend stays neutral. A break below that key point could reopen the triple‑top pattern, leading toward a lower neckline around 6,999 points.
Portfolio Guidance
We keep a moderate weight in our Dynamic and Investor portfolios while watching the 7,960 pivot. If the level holds, we may add more positions gradually. If it breaks down, we plan short‑term speculative trades on the Dynamic portfolio aimed at the Wolfe Wave target.