- Nov 16, 2021
The CAC 40 index is correcting at 6089. The French stock market continues to trade in a local downtrend against the background of the rapid growth of bonds, as well as in anticipation of another increase in domestic inflation.
Tomorrow France will publish data on inflation, which, as analysts suggest, will reflect an increase in the monthly rate of at least 0.7%, which, in turn, will lead to maintaining the annual rate at 5.8%.
The quotes of the asset continue to trade within the global downtrend, falling to the lowest level of the year. Technical indicators are in a sell signal state: the range of EMA fluctuations on the Alligator indicator is expanding towards the decline, and the AO oscillator histogram is trading in the negative area forming descending bars.
Support levels: 5881, 5610 | Resistance levels: 6250, 6569