Crude Oil (WTI) (J6) Intraday: limited upside.
EUR/USD Intraday: the upside prevails.
Show all

EUROPEAN MARKET OUTLOOK: The upside prevails

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).





Market overview and technical analysis on this site broght to you and Copyright by TRADING CENTRAL

The information contained in this publication is not intended as an offer or solicitation for the purchase or sale of any financial instrument. Any opinion offered herein reflects TRADING CENTRAL current judgment and may change without notice. Users acknowledge and agree to the fact that, by its very nature, any investment in shares, stock options and similar and assimilated products is characterised by a certain degree of uncertainty and that, consequently, any investment of this nature involves risks for which the user is solely responsible and liable.

Services in the U.S. are offered through TRADING CENTRAL Americas, Inc.

TRADING CENTRAL is not registered in France as an Investment Services Provider but complies with the following rules and directives, including:
– General Regulation Handbook of the AMF, Book III, Title III, Chapter VII “Investment Analysts Not Associated with an Investment Services Provider”
– EU Commission Directive 2006/73 dated 10 August 2006, Articles 24 and 25

– EU Commission Directive 2004/39 dated 21 April 2004

– EU Commission Directive 2003/125 dated 22 December 2003


This disclosure notifies the user of the potential financial risks of engaging in trading.

Spot Foreign Exchange (Forex or FX), Spread Trading and CFDs are volatile instruments and are not always appropriate for everyone. Indeed, the transaction of such financial instruments can contain a substantial degree of risk and in certain circumstances you may lose your initial investment; so you should consult your financial adviser before trading.

Before deciding to undertake such transactions with REAL FOREX, you should carefully evaluate whether your financial situation is appropriate for such transactions and you should make sure to obtain a clear and accurate understanding of the risks inherent to your trading. Investors may be subject to their respective local regulations or laws when using the service of this website and should therefore make sure that they do not violate local financial regulations before using this service.
This website and its information should not be considered as a recommendation, solicitation or offer to conduct investment business. The services and investments referred to on this website may not be suitable for all investors and before trading, you should seek independent advice from your qualified financial adviser. REAL FOREX shall not be liable to any customer or third person for the accuracy of the information or any market quotations supplied through this service.