Saturday, July 23, 2011

Week 29 Euro & Crude Oil & Fdax & Nasdaq LONG, Bund SHORT











  • Euro opened below fridays close if price continues above fridays close or bounces of last weeks 50% line (1.4068) we might see a long trend up to 1.4382 (prior month 50%)
  • FDAX opened below fridays close at last weeks and last month 50% level so going highver from that support zone we might go long up to 7392 (last weeks 2nd long target)
  • Nasdaq opened below fridays close at last month 2nd long target going above that level we might see a long trend up to 2415 (high of this year)
  • Bund opened at fridays close so up trend could continue, however we are already at the 2nd monthly long target (128.94) so we might first go short down to 127.19 2nd short target
  • Crude Oil opened below fridays close at last month short target so going above that level we might see price go up to 99.73 (2nd weekly long target)

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