GER40 Sell the channel trend line.GER40 - Intraday - We look to Sell at 14176 (stop at 14251)
Daily signals are mildly bearish.
50 4hour EMA is at 14175.
Trading within a Corrective Channel formation.
Trend line resistance is located at 14175.
Our profit targets will be 13981 and 13921
Resistance: 14100 / 14200 / 14250
Support: 14030 / 13960 / 13900
De40eur
GER40 Sell the trend line resistance.GER40 - Intraday - We look to Sell at 14093 (stop at 14204)
Daily signals are bearish.
Trend line resistance is located at 14100.
Bespoke resistance is located at 14100.
14094 has been pivotal.
Early optimism is likely to lead to gains although extended attempts higher are expected to fail.
Our profit targets will be 13808 and 13738
Resistance: 14000 / 14100 / 14300
Support: 13800 / 13700 / 13500
GER40 Sell the 20 EMA.GER40 - Intraday - We look to Sell at 13028 (stop at 13153)
Daily signals are bearish.
Rallies continue to attract sellers.
Price action produced another negative day, yesterday.
Preferred trade is to sell into rallies. 20 4hour EMA is at 13060.
Our profit targets will be 12707 and 12627
Resistance: 12700 / 12850 / 13000
Support: 12600 / 12430 / 12200
GER40 Sell into a rally.GER40 - Intraday - We look to Sell at 14078 (stop at 14191)
Daily signals are bearish.
Bespoke resistance is located at 14100.
Trading close to the psychological 14000 level.
We look for a temporary move higher.
Early optimism is likely to lead to gains although extended attempts higher are expected to fail.
20 1day EMA is at 14000.
Our profit targets will be 13802 and 13702
Resistance: 14000 / 14100 / 14200
Support: 13800 / 13600 / 13300
GER40 Sell the resistance.GER40 - Intraday - We look to Sell at 13969 (stop at 14101)
Daily signals are bearish.
Intraday rallies continue to attract sellers and there is no clear indication that this sequence for trading is coming to an end.
20 1day EMA is at 13900.
We look for a temporary move higher.
Our profit targets will be 13626 and 13536
Resistance: 13950 / 14100 / 14300
Support: 13700 / 13500 / 13300
GER40 Buy the oversold correction.GER40 - Intraday - We look to Buy a break of 15276 (stop at 15204)
We are trading at oversold extremes.
A break of 15270 is needed to confirm follow through bullish momentum.
20 4hour EMA is at 15470.
We look for a temporary move higher.
A lower correction is expected.
Our profit targets will be 15477 and 15517
Resistance: 15270 / 15400 / 15500
Support: 15100 / 15050 / 15000
DE40 Buy at 20 EMA.GER40 - Intraday - We look to Buy at 15821 (stop at 15757)
Daily signals are mildly bullish.
Short term momentum is bullish.
Previous resistance, now becomes support at 15800.
20 4hour EMA is at 15820.
We look to buy dips.
There is no clear indication that the upward move is coming to an end.
Our profit targets will be 15997 and 16017
Resistance: 15900 / 15980 / 16000
Support: 15800 / 15750 / 15700
GER40 Buy a break setup.GER40 - Intraday - We look to Buy a break of 15702 (stop at 15657)
A break of yesterdays high would confirm bullish momentum.
A break of bespoke resistance at 15700, and the move higher is already underway.
Expect trading to remain mixed and volatile.
Our short term bias remains positive.
Our profit targets will be 15827 and 15847
Resistance: 15650 / 15700 / 15750
Support: 15600 / 15550 / 15500