Eurostoxx March Contract

2931/33 is the level that we are watching this week. Whilst the price remains below this region and the daily stochastics look so overbought and beginning to turn then we can only trade lower.

2931/33 is the level that we are watching this week. Whilst the price remains below this region and the daily stochastics look so overbought and beginning to turn then we can only trade lower.

The move lower however should only be correctionary at this stage and after a correction the uptrend is expected to continue with a bust eventually above 2933 triggering a move higher for 3003 to 3044.

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With a career spanning almost 30 years, Carol Harmer is undoubtedly one of the most respected and established technical analysts in the UK and is a founding member of the STA (The Society of Technical Analysts). Carol?s career started in the early eighties, trading futures on the floor at LIFFE where she quickly discovered Technical Analysis as a way to maximise profits. She was one of the first traders on LIFFE to discover and study this form of... More

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