French CAC 40 Index is in up trend. It is trading above all the three simple moving averages say 20 day, 50 day and 100 day, same is true for 200 day moving average. The RSI is heading towards the overbought zone say above 70 level. The slow Stochastics has entered the overbought zone say above the 80 level. MACD is all ready above the zero line. All this shows that the bulls are dominant and the up trend will remain intact though some correction may take place.
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