Short term
Trade view / 13 June 2016 at 6:49 GMT

EUROSTOXX – losses from 200-day average keep signals bearish

partner and technical analyst / 3 c analysis
United Kingdom
Price target:
Market price:

JUN'16 CONTRACT - Against a background of bearish signals in Q2, but with futures virtually unchanged since April’s open, weekly sentiment has been mixed and volatile. Investors have been selling into strength from close to the 200-day average rate and towards this year’s highs, but they have also been buying dips and protecting a sequence of higher monthly lows. So despite last week’s 100 point selloff through the key 50-day and 100-day averages signals are not strong. However, there remains a bearish bias as signals point to a test of May and April's lows.

Management and risk description

Allow room to sell any rally and lower stop to entry if the first target is met


Entry: market and 2943, Friday's Marabuzo line

Stop: 3003, just above the window which has been left open since Thursday's close

Target: 2855, May's low and 2775, April's base

Time horizon: this week

 Source: CQG. Create your own charts with SaxoTraderGO click here to learn more

Eurostoxx Weekly - inside April's range
  Source: CQG

Eurostoxx Monthly - 3 year lows
 Source: CQG 

Eurostoxx Quarterly - lower highs
  Source: CQG

— Edited by Clare MacCarthy

Non-independent investment research disclaimer applies. Read more


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