| 
June 10, 2023- The lower Bollinger Band® is currently at 7,101.32 while the higher band is at 7,537
While CAC 40 is on a 7 day bullish trend, Yesterday's session put the brakes on the ongoing uptrend — CAC 40 moves 0.12% to close at 7,213 yesterday.
The index has been trending lower for about a month. CAC hit a significant low of 15.42 around 8 months ago, but has since recovered 46,736%.
CAC's upper Bollinger Band® is at 7,537 and the lower is 7,101.32.
Despite muted price action in CAC 40, chart analysis indicates it is positioned for a bullish run in the short term.
Fundamental indicators – Euro Zone CFTC EUR speculative net positions released yesterday at 20:30 UTC with a figure of 158,400, while the previous figure was 165,700.
While CAC 40 was pretty flat yesterday, mixed performances were seen elsewhere as Nikkei is trading around 32,265 after ending yesterday's session at 31,641 (up 1.97% today). Notably, KOSPI Composite Index rose 1.16% yesterday and closed at 2,611. After ending yesterday's session at 7,599.74, FTSE lost 37.38 points and is trading around 7,562.36.
