As far as the Estoxx 50 (Mar 16) is concerned, currently @ 3011, the intraday view is bullish above 3014. Prices remain stuck within a volatile lateral consolidation move between 2945 and 3130 and are supported by the rising 20 and 50MAs (30-min chart). The 30-min RSI is bullish. As long as 3014 is support, the bias remains bullish towards 3108 (intermediary resistance threshold) and 3130 (swing high). Alternatively, a break below 3014 would call for a retest of the support at 2975 (gap) and 2945 (swing low).
As far as the FTSE 100 (Mar 16) is concerned, currently @ 3138, the intraday view is bullish. Prices remain to the upside supported by the rising 50-MA (30-min chart) The 30-min RSI is around its neutrality area. Intraday support is set at 6080. As long as 6080 is not penetrated, the upside prevails towards 6165 (intermediary resistance threshold) and 6190 (around swing high). Alternatively, a break below 6080 would call for a retest of the support level at 6039 (intermediary) and 6000 (swing low and psychological level).
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