DAILY MAR'19 EUROSTOXX - Friday's trade idea and technicals
Mar Contract – A near 200 Pt rally since December’s 2 year low at 2895 has attracted sellers this week at the same 3078 level as last week. This is in between a 50-62% recovery to the entire Dec sell-off. Although this is an area which mat attract sellers back to the market, so far there is no bearish reversal pattern and Thursday’s signals were mixed and neutral. These were confirmed as for the 2nd day in a row sentiment traded sideways inside Tuesday’s range for a little changed close. For Friday though, gains into last night’s close have left a cautiously bullish bias to signals and the call is to buy on the open and then at 3050 with a stop loss at 3033, Tuesday’s low. Targets are to 3083, the 17th Dec high, 3098, the 4 week top and 3124, the 5 week high trade.
3cAnalysis – live analysis that improves trading performance. Our analysis is highly respected by major Institutions throughout the UK and Europe. We set the standards for high end, live, independent technical analysis research across 3 asset classes and 3 time frames and with exceptional directional success over more than 9 years.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.