Dax December now meets resistance at 13550/600. Shorts need stops above 13700. A break higher is a strong buy signal targeting 13770 & the August high at 13950/970.
Shorts at strong resistance at 13550/600 target 13470 & 13300/280. Further losses can target 13180/150.
FTSE December soared 340 (5%) ticks last week. 200 ticks of that gain was on Friday. I have no idea what happens today! The 87.6% Fibonacci level is 7390. Above here look for 7430/40, perhaps as far as 7480/85.
First support at 7280/70 with strong support at 7220/00. Longs need stops below 7180.
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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