FTSE key to direction is first resistance at 7690/7700
|Dax March contract
Dax did hold above 13230/220 & hit all targets as far as 13430. Further gains expected today & above 13470 targets 13490/500 before the 13530/533 all time high. Obviously this the main challenge for bulls this week but a break higher is likely, for an added buy signal targeting 13590/599 & 13700/710.
First support at 13420/410 but below here tests 13345/335. Look for a buying opportunity at 13270/250, with stops below 13220.
Eurostoxx March contract
EuroStoxx topped exactly at the 3646/50 target but outlook remains positive. Further gains expected to 3665/70, 3682, 3694 & the all time high at 3700/03.
First support at 3625/20 then a buying opportunity at 3610/05, with stops below 3590.
Ftse March contract
FTSE key to direction is first resistance at 7690/7700. Holding below here re-targets first support at 7640/30. A break lower today targets a buying opportunity at 7610/00. Try longs with stops below 7575. A bounce from here takes us back to 7635 then 7670.
Any shorts at 7690/7700 need stops above 7720. A break higher re-targets the 7740/45 high. On further gains look for 7770/80 & 7796/99.
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