After the Bell Technical Review | Bullish CAC 40 on track to continue higher in the near term

• Market bulls strengthened by lower Bollinger Band® currently at 7,319.84

Signs of life: 7 days of level trading might be coming to an end with a gain of 1% today Friday's session shows improvement: CAC goes up 0.45% to close at 7,415 Friday.

The index has been trending positively for about 2 months. 7 months ago, CAC 40 fell to a low of 15.42 but has since recovered 47,771%.

CAC's lower Bollinger Band® is at 7,319.84, indicating that the market is oversold and fertile for new buyers.

Overall, looking at the technical analysis landscape, it seems CAC 40 might continue pointing upwards in the short term.

CAC 40 shows positive signs, other assets are also on par: Nikkei is trading around 29,400 after ending Friday's session at 29,127 (up 0.9% today). FTSE went up by 0.31% Friday, and closed at 7,754.62.

At the same time, after ending Friday's session at 2,491, KOSPI Composite Index lost 15.58 points and is trading around 2,475.42.

Upcoming fundamentals: as things stand, upcoming Euro Zone Industrial Production data is projected to fall short of market expectations with newly published data of -2.5%, following on from the preceding figure of 1.5%. New data is set to be published tomorrow at 09:00 UTC.