DAX: Strong support at 15340/300
|DAX, EuroStoxx, FTSE
Dax 30 June topped exactly at the next target of 15500/520. We bottomed just above strong support at 15340/300.
EuroStoxx 50 June reversed from 4000 to test first support at 3975/70.
FTSE 100 June hit 7000.
Daily analysis
Dax strong support at 15340/300. Longs need stops below 15270. A break lower to however targets 15180/160 with support at 15120/100.
Minor resistance at 15440/450. Above 15460 looks for a retest of 15500/520. Further gains are likely eventually in the bull trend targeting 15650/700 & resistance at 15800/850.
EuroStoxx hits 4000! Further gains target 4018/22 & 4032/35.
First support at 3975/70. Below 3960 tests strong support at 3945/40. Longs need stops below 3930.
FTSE beat 6950/60 & closed the week above the 100 weeks moving average at 6980/85 after hitting 7000. We held this big number yesterday. A break above 7000 today targets 7035/45 & 7090/95.
Good support at 6940/30 with better support at 6910/6890 likely to see a low for the day if tested. longs need stops below 6880. The next target is 6855.
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