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5 Jan 2015
CAC falls below 100-DMA
FXStreet (Mumbai) - The French equity index CAC declined in line with the other European markets to trade below the 100-DMA level located at 4255 levels.
The Cac index currently trades 0.115 lower at 4247 levels. The index breadth is positive with an advance-decline ratio of 21:18. The Oil and Gas Producers index is down 1.81%, followed by the Oil and Gas index, which has weakened 1.73%. Bank index has shed 0.74%. On the other hand, Aerospace and Defense index is up 1.83%.
Among the index stocks, Airbus Group is the top gainer; up 3.35%, followed by Essilor; up 2.59%. Meanwhile, Total share price is the top loser; down 1.85%, followed by a 1.43% fall in Arcelormittal share price.
CAC Technical Levels
The index has an immediate support located at 4205, under which the prices may extend the drop to 4162 levels. Meanwhile, resistance is seen at 4255 (100-DMA) and 4276 (10-DMA).
The Cac index currently trades 0.115 lower at 4247 levels. The index breadth is positive with an advance-decline ratio of 21:18. The Oil and Gas Producers index is down 1.81%, followed by the Oil and Gas index, which has weakened 1.73%. Bank index has shed 0.74%. On the other hand, Aerospace and Defense index is up 1.83%.
Among the index stocks, Airbus Group is the top gainer; up 3.35%, followed by Essilor; up 2.59%. Meanwhile, Total share price is the top loser; down 1.85%, followed by a 1.43% fall in Arcelormittal share price.
CAC Technical Levels
The index has an immediate support located at 4205, under which the prices may extend the drop to 4162 levels. Meanwhile, resistance is seen at 4255 (100-DMA) and 4276 (10-DMA).