Trade of the Week: Long CAC 40
Published on: March 16, 2026
Author: Axel Rudolph, Market Analyst
Overview
This week's trading opportunity focuses on going long the French CAC 40 stock index. The analysis suggests that despite the oil price exceeding $100 per barrel, the CAC 40 has not breached its early March low, indicating potential stabilization and a possible recovery.
Technical Analysis
The CAC 40 has shown resilience by holding above the March low of 7,743, which was recorded on March 9. The index has been drifting lower over the past few days but has not broken below this critical support level. This behavior suggests a potential upward movement, with a target to surpass the psychological barrier of 8,000 and possibly reach the 8,200 to 8,300 range.
Trade Details
The recommended entry point for this trade is around 7,880, with a stop-loss set below the March low at 7,743. The upside target is projected to be around 8,200.
Previous Week's Trade Outcome
Last week's trade involved going long on Bitcoin, which has performed well since the entry point. The price has remained in positive territory, and traders are advised to consider taking profits as the price tests previous resistance levels. The medium-term target for Bitcoin remains around $88,000, and traders are encouraged to adjust their stop-loss to secure profits.
Summary
In summary, the current trade recommendation is to go long on the CAC 40 at approximately 7,880, with a stop-loss below the March low at 7,743 and an upside target around 8,200. This trade carries inherent risks, particularly due to geopolitical factors affecting market conditions.