| 
June 25, 2023- Falling prices have precipitated CAC 40's approach to its lower Bollinger Band® at 7,063
CAC 40's bearish run has lasted 5 days so far (-197.28 points). More of the same from Friday's session: CAC ended Friday at 7,163.42 following from closing Thursday at 7,203.28. Overall, this represents a loss of 39.86 points or 0.55%.
CAC is now trading 46,600% above the significant low (15.42) it slumped to 9 months ago.
Bollinger Bands® shows an indication of recovery: the lower band is at 7,063, a low enough level to, generally, suggest that CAC is trading below its fair value.
Technical analysis indicates that CAC 40 (currently on a downtrend) might reverse course and start pointing upward in the short term.
In the meantime, negative performances are also seen in other markets, ASX 200 drops 1.34% Friday and closed at 7,195.5. Hang Seng withdraws 1.71% Friday and closed at 19,218. Nikkei is down to 32,782, losing 483.34 points, after ending the previous session around 33,265.
Upcoming fundamentals: Germany Current Assessment (Jun) is expected tomorrow at 08:00 UTC.
