After the Bell Technical Review | Bullish CAC on track to continue higher in the near term

• The MACD is significantly below its signal line, which suggests the market is running out of bearish momentum and could revert to a positive outlook as bulls regain control.
• Market bulls strengthened by lower Bollinger Band® currently at 7,303.26

After 5 days of level trading, CAC went up. Today's session shows improvement: CAC 40 goes up 0.28% to close at 7,381.78 today.

The index has been trending positively for about 2 months. CAC 40 hit a significant low of 15.42 around 7 months ago, but has since recovered 47,638%.

The MACD is significantly below its signal line which suggests that the existing bearish sentiment is beginning to swing around toward a more bullish outlook. CAC's lower Bollinger Band® is at 7,303.26, indicating that the market is oversold and fertile for new buyers.

Overall, looking at the technical analysis landscape, it seems CAC might continue pointing upwards in the short term.

Fundamental indicators – Germany Consumer Price Index released yesterday at 06:00 UTC with a figure of 0.4%, while the previous figure was 0.8%.

At the same time, after ending today's session at 33,531, Dow Jones lost 231.33 points and is trading around 33,300. DAX withdraws 0.39% today and closed at 15,900.

Upcoming fundamentals: France Consumer Price Index figure is projected at 0.6%. It previously stood at 0.7%; data will be released tomorrow at 06:45 UTC.