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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