(BFM Stock Exchange) – This article, with free access, is produced by the research team in BFM Stock Exchange analysis and market strategy. To not miss any opportunity, consult all of the analyzes and discover our portfolios by accessing our privilege space.
It will be noted in the preamble that Wall Street will remain closed this Thursday, June 19 (Juneteenth – Day of commemoration of the end of slavery)
Under pressure from the conflagration of the geopolitical situation in the Middle East, the CAC 40 sees its short -term graphic configuration degrading more, under two significant resistances, the 7,810 points and the 7,900 points.
The conflict between the two countries entered its sixth day. Donald Trump called Iran on Tuesday evening to “an unconditional capitulation”, after having announced that the United States controlled “now completely and completely Iranian airspace”. Trump maintains the vagueness with a possible direct military involvement of the United States in the Israeli-Iranian conflict.
“The direct involvement of the United States would surely exacerbate tensions in the region, at least in the short term. This naturally came to affect risk taking on the market,” comments Sebastian Paris Horvitz of LBPAM.
In the statistical chapter, no surprises yesterday: the final data of consumer prices for the month of May did not rule out an iota compared to the first estimates, at +2.3% annual excluding food, energy, alcohol and tobacco. Weekly registrations for unemployment benefits are also perfectly emerged in the target at 245,000 new units.
On the values ​​side, Airbus resumed 1.4% after having noted its dividend distribution rate and confirmed its 2025 objectives. On the other side of the spectrum, TP (ex-Teleperformance) dropped by 13.6%, after the presentation of its medium-term objectives for the period 2026-2028. Outside the star index, Pierre & Vacances jumped 11.8% after announcing leading “a review of its strategic options”, which could lead to a shareholder change.
On the other side of the Atlantic, the main shares on shares finished the session of Wednesday in dispersed order, the Dow Jones contracting by 0.10% and the Nasdaq composite grapping 0.13%. The S & P500, a reference barometer of appetite for the risk in the eyes of fund managers, has once again played the averages, stable at 5,980 points.
A point on the other asset classes at risk: around 8:00 am this morning on the exchange market, the single currency was treated at a level close to $ 1,1500. The barrel of WTI, one of the barometers of appetite for the risk on the financial markets, was exchanged around $ 73.10. THE Treasuries 10 Yearsyield of federal sovereign bonds due to 10 years, was negotiated slightly above 4.40%. As for the Vix, it was worth 21.60 at the last fence of the S&P500.
At the macroeconomic agenda this Thursday, to follow in priority of decisions of monetary polic, the Bank of Switzerland and the Bank of England.
Key graphics elements
The gradual cap under the 7,900 points has suddenly turned into intense volatility. In one session Friday, May 23, the Parisian flagship index broke the Dynamics of the spring rally by breaking the mobile average at 20 days (in dark blue), the difference compared to the mobile average at 50 days (in orange) has taken up strongly.
The 7,900 points are reinforced in their status of graphic resistance, even though the dynamics of the relative force index invite caution. Indeed the RSI (Relative Strenght Index) Adopt a persistent lowering bias since May 13. The tricolor flagship index is now in a glaring situation of incapacity for creations of new heights.
First alert Thursday, June 12 with a metal gap in session. Second the next day with a new gap, filled in the session too. The short -term configuration is gradually weakened.
FORECAST
In view of the key graphic factors that we have identified, our opinion is neutral on the CAC 40 index in the short term.
We will take care to note that a crossing of the 7810.00 points would revive the tension to the purchase. While a break in the 7605.00 points would relaunch the selling pressure.
The News Bulletin 247 Council
Hourly data graphics
Daily data graphics
I have over 8 years of experience working in the news industry. I have worked as a reporter, editor, and now managing editor at 247 News Agency. I am responsible for the day-to-day operations of the news website and overseeing all of the content that is published. I also write a column for the website, covering mostly market news.
