Dax, EuroStoxx and FTSE 100 forecasts

Intermediate

Dax

Dax 30 December futures

Dax topped exactly at 13180/13200 (sorry typo yesterday) but it is unlikely you had a chance to short before the sell off to 13110/090. Outlook is quite negative for today.

10 Dec, 2019

Dax it is worth trying shorts at 13180/13200 with stops above 13220. A break higher is a buy signal targeting 13250 before the recovery high at 13365/375.

Shorts at 13180/13100 target 13160 & minor support at 13110/090. A break lower targets 13030/020 perhaps as far as strong support at 12890/870 for some profit taking on shorts. A break below 12840 targets 12790/780 & 12700/680.

Trends

Weekly outlook is positive Daily outlook is positive Short Term outlook is positive

Eurostoxx

10 Dec, 2019
EuroStoxx 50 December Futures
EuroStoxx reversed to first support at 3665/55

Today’s Analysis 10 Dec, 2019

EuroStoxx is holding first support at 3665/55. A break lower targets 3640 & 3630 with strong support at 3610/00.

First resistance at 3680/85. A break above 3695 targets 3705 & 3720/25.

Trends

Weekly outlook is positive Daily outlook is positive Short Term outlook is neutral

Ftse 100

10 Dec, 2019
FTSE 100 December Futures
FTSE still holding first resistance at 7245/55.

Today’s Analysis 10 Dec, 2019

FTSE hit the next target of 7245/55. Try shorts at 7270/80 with stops above 7295. A break higher targets 7310/15 & 7325/30 .

First support at 7210/00 & we bottomed exactly here yesterday. A break below 7190 risks a slide to 7170/60 before a retest of 7140/35. A break below 7130 targets 7110/00, perhaps as far as 7175/70.

Trends

Weekly outlook is positive Daily outlook is neutral
Short Term outlook is negative

Jason Sen

Editor

Jason Sen began his trading career in the options pits on the trading floor of LIFFE in 1987 at the age of 19, making markets on his own account. In 2001 when the trading floor closed he successful...continued

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