DAX, EuroStoxx, FTSE Futures Forecast
Jason Sen | Aug 10, 2021 06:03AM ET
DAX 30 September hovers just below strong resistance at the all time high at 15770/800 to target 15700/690. We bottomed exactly here.
EuroStoxx 50 September edging higher to 4184.
FTSE 100 September longs at strong support at 7030/20 worked perfectly as we bottomed exactly here and shot higher to the next target of 7080/90
h2 Today’s Analysis/h2DAX key resistance at the all time high is at 15770/800. Obviously a sustained break above 15820 is a buy signal, initially targeting 15870/890 then 15920/940 and 15990. Holding strong resistance at the all time high at 15770/800 targets 15700/690 (we bottomed exactly here), perhaps as far as first support at 15600/570. Longs need stops below 15530.
EuroStoxx September reaches 4184 before strong resistance at 4200/05. Shorts need stops above 4210. A break higher is a strong buy signal initially targeting 4260/65. Minor support seen at 4160/50. Better support at 4120/15. Longs need stops below 4100.
FTSE September longs at strong support at 7030/20 hit the target of 7080/90. We topped exactly here. On a break above 7100 look for 7135/45. Above 7155 can retest the 2021 high at 4207/17. Strong support at 7030/20 and 6995/85. Longs need stops below 6975.
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