Be Ready To Buy A Break In The FTSE; DAX Shorts Need Stops Above 13050
2022.10.19 07:40
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December futures we wrote: trying to edge above 12700/720 to target resistance at 12900/950.
Target hit with a high for the day here.
December holding above 6900 now to target 6940/50 and 7000/7020 with a high for the day exactly here.
Today’s Analysis
DAX December hit resistance at 12900/950 with a high for the day here. Shorts need stops above 13050. Be ready to buy a break above here targeting 13200/250.
Shorts at 12900/950 can target first support at 12750/700. Longs need stops below 12650.
FTSE December reached the 7000/7020 target. Be ready to buy a break above 7050 targeting 7110/20. Watch for a high for the day here.
First support at 6910/6890 but longs need stops below 6870. A break lower can target 6800/6780. Below 6760 can retest 6720/10.
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