| 
June 19, 2023- MACD index suggests medium-term trend indication has become positive
CAC ended today at 7,314 following from closing Friday at 7,388.65. Overall, this represents a loss of 74.65 points or 1%.
CAC hit a significant low of 15.42 around 9 months ago, but has since recovered 47,816%.
Despite drifting lower in the trading session, the short-term outlook has turned positive after the MACD moved above its signal line — typically a bullish indicator.
Overall, looking at the technical analysis landscape, it seems CAC 40 might start pointing upward in the short term.
In the meantime, negative performances are also seen in other markets, DAX retreats 0.96% today and closed at 16,358. FTSE is down to 7,588.48, losing 54.24 points, after ending the previous session around 7,642.72.
Positive performances can be seen by looking at other markets as ASX 200 is trading around 7,295 after ending today's session at 7,251.2 (up 0.6% today).
Upcoming fundamentals: Germany Producer Price Index expected to decline to -0.7% while its preceding data was 0.3%, data will be available tomorrow at 06:00 UTC.
