DAX, EuroStoxx, FTSE Forecast
Jason Sen | Aug 17, 2021 07:44AM ET
DAX 30 September tests minor support at 15890/870 with better support at 15800/770. Longs need stops below 15730.
EuroStoxx 50 September unexpectedly seeing minor profit taking.
FTSE 100 September unexpectedly broke support at 7130/20 for a buying opportunity at 7085/75. Longs here worked perfectly on the bounce to 7135/45.
h2 Today’s Analysis/h2DAX downside is expected to be limited with minor support at 15890/870, then better support at 15800/770. Longs need stops below 15730. Strong support at 15670/630. Stop below 15595. Holding minor support at 15890/870 targets 15920/940 and 15990. A break above the all time high at 16024 targets 16100/110. Further gains this week target 16210/230.
EuroStoxx September first support at 4175, better support at 4155/50. Longs need stops below 4140. A break lower meets a buying opportunity at 4115/05. Longs need stops below 4095. Minor resistance at 4205/10. A break higher retests 4234/38. Above 4240 look for 4260/65.
FTSE September retests the buying opportunity at 7085/75, stop below 7070. A break lower is a sell signal targeting strong support at 7020/00. Longs need stops below 6980. Longs at 7085/75 target 7135/45 and 7178/88, before a retest the 2021 high at 7207/17. A break above 7230 is a new buy signal initially targeting 7290/7310.
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