Technical forecast for FTSE 100
FTSE Dec13 quite directionless but held support at 6665/6660 perfectly for the second day. The outlook is mixed so same levels apply today. Support at 6680 then 6665/60 but longs need stops below 6650.
Technical forecast for Dax
Dax Dec13 had an inside day yesterday which can be a short term negative signal. We broke Friday's high & Fibonacci support at 9192 as feared but held
Technical forecast for Corn
Corn held 412/11 & managed to beat 415/16 as we look for a selling opportunity at 420/421. This should hold a move higher today but shorts need stops
Technical forecast for AUD/USD
AUDUSD made it to resistance at 9440/50 which did hold the move as expected. We dipped to good support at 9381/77 which could hold the downside today but
Technical forecast for GBP/USD
GBPUSD broke 1.6077 but bounced from 1.6055. There is no direction this week so we watch for support at 1.6095/90 then 1.6055/45. Below 1.6030 keeps the market under
Technical forecast for Dax
Dax Dec13 broke all time highs at 9197 & reached 9235/40 but fell just 8 points short of the next target of 9265. We dipped to Friday's high
Technical forecast for Corn
Corn broke 420/419 & as we warned the outlook remains weak, a break below 415 was seen & the 1 year bear trend continues as we hit the
Technical forecast for AUD/USD
AUDUSD will need to hold above 9390 for a chance to retest yesterday's high at 9418. Above here today we hit resistance at 9440/50 which should hold the
Technical forecast for WTI Crude
WTI Crude unable to reach 9445 in a near 3 month bear trend & as expected we saw lower prices at the start of the week.Immediate resistance at
Technical forecast for GBP/USD
GBPUSD could not sustain a break above 1.6140 & saw a drift lower towards 1.6070 which was expected to hold & we bottomed almost exactly here at 1.6077.