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  1. CAC 40 - near daily bullish reversal area by 200-day SMA testing to above

    by , 05-29-2016 at 11:19 AM
    CAC 40 Daily Chart

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    Price action for the CAC 40 is now trading higher for the fourth consecutive session. This bullish momentum has continued since the Index broke free from a previously mentioned consolidating trading range. Now as prices advance, traders may begin looking for potential points of resistance. For today’s trading that includes a 78.6% Fibonacci retracement found at 4,536.89. This value has been found by measuring the distance ...