Weekly MAR'18 EUROSTOXX
Mar'18 Contract – Both sides of last week’s neutral range for EUROSTOXX were tested, but with initial losses attracting buyers to protect a developing trend of higher weekly lows and with gains into the close failing to break the 6th Feb high at 3472. It is those late gains which have left a bullish bias to this week’s signals. However, until the key daily averages are broken the call is a cautious one, buying on the open and then at 3409, Thursday’s Marabuzo line with a stop loss at 3309, the 2 week base. Targets are to 3494/04, the 3 week high, 3563, the 100 day average rate and 3634, February’s top.
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