Ftse September Contract
FTSE above 7621 meets strong resistance at 7655/60, being the high for this week. Above here targets 7675 & 7695/99. On further gains look for the roll over gap at 7713 to be filled.
We should meet good support at 7590/85 but below look for a buying opportunity at 7565/60, with stops below 7545.
Eurostoxx September Contract
EuroStoxx recovery to 3430/33 & 3445 offered 25 ticks profit yesterday. A break higher today fills the gap at 3460, just below resistance at 3463/66. Just be aware that a weekly close above here is a buy signal targeting 3480 & 200 day moving average at 3492/95.
Same levels apply for today on the downside & below 3433/30 risks a retest of key support at 3420/16. Be ready to sell a break below 3405 to target 3380/75. If we continue lower look for 3354/51.
Dax September Contract
Dax first resistance at 12510/520 is key to direction of course. A break higher targets 12560 then a gap to fill at 12580/585. Quite strong resistance at 12620/640 then a challenge for bulls.
Failure to beat first resistance at 12510/520 targets 12480/470 & 12415/405 before the best support of the day at 12370/360. Longs need stops below 12330 with further losses targeting 12295/285 & perhaps as far as 12210/00.
The contents of our reports are intended to be understood by professional users who are fully aware of the inherent risks in Forex, Futures, Options, Stocks and Bonds trading. INFORMATION PROVIDED WITHIN THIS MATERIAL SHOULD NOT BE CONSTRUED AS ADVICE AND IS PROVIDED FOR INFORMATION AND EDUCATION PURPOSES ONLY.
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