Dax outlook positive on the break higher
|Eurostoxx June contract
EuroStoxx big challenge is 8 month trend line resistance at 3552/56. We topped almost exactly here but a weekly close above here today is a buy signal for next week. On a break higher today look for 3576/78 & 3587/90.
First support at 3540/36 & longs need stops below 3525.
Dax June contract
Dax outlook positive on the break higher as we top at the upper target of 13125. Now we look for 13165/170 & 13210/215, perhaps as far as 13250/260.
First support at 13055/045, but longs need stops below 13000.
Ftse June contract
FTSE break above 7750 is bullish, despite overbought conditions targeting 7780, 7795/98, 7820/25 & 7845/55.
First support at 7745/40 then 7710/05.
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