FR40 Intraday: intraday support around 7988.00.
May 8, 2024 07:12
FR40 (FR40)
-9.7-0.12%
long positions above 7988.00 with targets at 8086.00 & 8119.00 in extension.
Pivot: 7988.00
Our preference: long positions above 7988.00 with targets at 8086.00 & 8119.00 in extension.
Alternative scenario: below 7988.00 look for further downside with 7949.00 & 7908.00 as targets.
Comment: investors have to remain cautious since these levels may trigger profit taking.
Supports and resistances:
8145.00
8119.00
8086.00
8075.68 Last
7988.00
7949.00
7908.00
Our preference: long positions above 7988.00 with targets at 8086.00 & 8119.00 in extension.
Alternative scenario: below 7988.00 look for further downside with 7949.00 & 7908.00 as targets.
Comment: investors have to remain cautious since these levels may trigger profit taking.
Supports and resistances:
8145.00
8119.00
8086.00
8075.68 Last
7988.00
7949.00
7908.00
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