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DAX, EuroStoxx, FTSE Futures Forecast

By Jason SenStock MarketsAug 05, 2021 04:32AM ET
www.investing.com/analysis/dax-eurostoxx-ftse-futures-forecast-200596278
DAX, EuroStoxx, FTSE Futures Forecast
By Jason Sen   |  Aug 05, 2021 04:32AM ET
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DAX 30 September beat first resistance at 15550/580.

Euro Stoxx 50 September retests first resistance at 4110/20 and reverses from 4125. We bottomed exactly at minor support at 4095/90.

FTSE 100 September beat strong resistance at 6970/80 but held 10 ticks above strong resistance at 7020/30.

Today’s Analysis

DAX beat resistance at 15550/580 to retest the 2 week high at 15680/690. A break above 15720 retests strong resistance at the all time high at 15770/800. Obviously a sustained break above 15820 is a buy signal, initially targeting 15920/940. Strong support at 15580/550. Longs need stops below 15520.

EuroStoxx September beats resistance at 4110/20 to retest the 2021 high at 4160/70. Obviously a break above here is a buy signal initially targeting 4195/99. Minor support at 4110/00, then strong support at 4070/60. Longs need stops below 4050.

FTSE September has had a great run recently to just 8 ticks from the next target of 7080/90. On a break above 7100 look for 7135/45. Strong support at 7030/20 and strong support at 6990/80. Longs need stops below 6960.

FTSE Index Chart
FTSE Index Chart

Disclaimer: No representation or warranty is made as to the accuracy or completeness of this information and opinions expressed may be subject to change without notice. Estimates and projections set forth herein are based on assumptions that may not be correct or otherwise realized. All reports and information are designed for information purposes only and neither the information contained herein nor any opinion expressed is deemed to constitute an offer or invitation to make an offer, to buy or sell any security or any option, futures or other related derivatives.

DAX, EuroStoxx, FTSE Futures Forecast
 

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DAX, EuroStoxx, FTSE Futures Forecast

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