CAC FUTURE Jul18 : The moving average is capping prices.
The trend remains neutral. Prices will have to break above the peak at 5,365.00 pts for the trend to be positive again with an invalidation level below 5,315.50 pts.Arguments :
- The support has been reached, it causes the bounce.
- The descending resistance has been reached, price reaction is very shy. It does not justify a negative opinion.
- The moving average is capping prices.
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