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Eurostoxx DMA Key To Direction

Published 10/14/2016, 07:32 AM
STOXX50
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Eurostoxx December Contract

Eurostoxx 100 DMA and 200 DMA at 2965/60 is key to direction. Below re-targets 2948/44 with further losses targeting 2930/27. Below risks a retest of of September lows at 2913/09. Obviously a break below here is an added sell signal.

Above 2984 we have a gap to fill at 2994 and resistance up to 3000. Only above 3010 keeps bulls in the game and targets 3022/25 before last week and this week's high at 3034/40. On further gains look for 3-week highs at 3047/50. A break higher targets 3063/66 then 3084/87.

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