Let's talk about Dax...

Let's talk about Dax...

Dax December hit our buying opportunity at 15580/530 with stops below 15500 but over ran to 15483. I am hoping you held on for the bounce to 15620 & 15670, with prices reaching 15715

EuroStoxx 50 December finally hit the next target of 4245/50 with a high for the year at 4254.

FTSE 100 December unfortunately longs at first support at 7225/15 were stopped below 7200 & then we missed best support at 7160/40 by 8 ticks.

Video analysis:

Update daily at 07:00 GMT

Today's Analysis.

Dax longs at 15580/530 (if you managed to hold the position) hit the target of 15700/750. Further gains are expected at the start of the towards 15950/16000.

Downside is likely to be limited with minor support at 15630/10. If we continue lower try longs at 15500/500 with stops below 15470. (Targets are 15620, 15670, 15750).

Dax December hit our buying opportunity at 15580/530 with stops below 15500 but over ran to 15483. I am hoping you held on for the bounce to 15620 & 15670, with prices reaching 15715 - 1

EuroStoxx finally hit the next target of 4245/50 as we look for 4265/69. If we continue higher look for 4295/99.

Try longs at 4225/15 with stops below 4200.

Dax December hit our buying opportunity at 15580/530 with stops below 15500 but over ran to 15483. I am hoping you held on for the bounce to 15620 & 15670, with prices reaching 15715 - 2

FTSE crawls slowly higher in volatile conditions - certainly making it tough to hold a long on Friday. Still, downside is expected to be limited with minor support at 7200/7180. Best support at 7155/45. Longs need stops below 7130.

Above 7240 targets 7260 then 7290/99.

Dax December hit our buying opportunity at 15580/530 with stops below 15500 but over ran to 15483. I am hoping you held on for the bounce to 15620 & 15670, with prices reaching 15715 - 3

Jason Sen

Jason Sen

Jason Sen began his 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 successfully made the transition to day trading on computer screens. Jason used technical analysis throughout his trading career and formed Daytrdeideas.co.uk which established itself as the leading provider of daily technical analysis to independent and professional traders within the investment bank community. He advises dozens of traders at up to 15 major investment banks and hedge funds on market movement throughout each trading day on The Bloomberg Professional® service. Jason Sen also provides trade ideas with entry, exit and target levels on Telegram & in daily reports to retail traders. daytradeideas.co.uk