CAC near critical support

The French equity index is trading near a critical support of 4180, after having posted a biggest two-month single day decline yesterday. The index has lost 0.80% in line with its European peers today.

The Index is being driven lower by the Technology and the Industrial shares. Both sectors are down by 1.48% and 1.36% respectively. The index has a strong support zone on the weekly charts around 4180 levels, breach of which shall open doors for 4100 levels.