Closing Bell | Mixed technical outlook for CAC as prevailing uptrend begins to slow

• The CCI indicator stands above +100
• Bollinger analysis indicates upper Band® is at 7,429.76

While CAC 40 is on a 7 day uptrend Yesterday's session put the brakes on the ongoing uptrend — CAC 40 moves 0.13% to close at 7,382.77 yesterday.

The index has been trending positively for about 2 months. CAC is now trading 47,700% above the significant low (15.42) it slumped to 5 months ago.

With regards to technical trend indicators, chart analysis show that investors are seeking long positions as CAC price action surged above +100 — a key CCI threshold indicating an imminent bullish trend. Analysis based on the asset volatility indicates that CAC's upper Bollinger Band® is at 7,429.76, suggesting that a downward move may follow.

Overall, while CAC 40 has been on an uptrend, technical indicators suggest that it has no obvious direction for the immediate future.

Fundamental indicators – Germany Factory Orders beat the -0.9% projections, with 1%.

While CAC 40 was pretty flat yesterday, mixed performances were seen elsewhere as ASX 200 went up by 0.49% yesterday, and closed at 7,364.7. Hang Seng lost 0.33% yesterday and closed at 20,600. A flat day for FTSE, closing at 7,939.6.

Upcoming fundamentals: Euro Zone ECB President Lagarde speech set for tomorrow at 10:00 UTC.