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CAC falls into red

FXStreet (Mumbai) - The French equity index Cac, erased gains to trade in the red after facing rejection at the technical resistance of the 50 day moving average level of 4213.

The Cac traded 0.05% lower at 4177.80, after having dropped from a high of 4221.30 hit earlier today. The index breadth is positive with an advance decline ratio of 23:16. Among the top index gainers are shares in Alstom, Credit Agricole, Publicis Groupe, Gemalto and Orange. On the other hand, minues side includes shares in Vinci, Bouygues, Alcatel-Lucent, Total and EDF.

CAC Technical Levels

The index has an immediate support at 4145, under which the prices can fall to 4118 levels. On the flip side, resistance is seen at 4184 and 4221 levels.

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