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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).
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.
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.
