CAC 40 currently set to reopen above 7,433

Yesterday the CAC 40 followed the DAX higher and lifted to a session high at 7,437, above a noted technical level at 7,433. However, it did not close above that price point. The index later ended the session 90 points higher, at 7,423. The further gains stateside last night have lifted both the CAC and the DAX futures this morning and the CAC is set to open above that 7,433 level a little later. That could mean it might now extend, but that is not a certain outcome by any means. That said the opening outlook is positive across all the major European indexes this morning and the CAC 40 is just now priced to reopen around 7,450