DE30 Sell the resistance.
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GER30 - Intraday - We look to Sell at 15588 (stop at 15645)
Short term bias is mildly bearish.
20 4hour EMA is at 15570.
50 4hour EMA is at 15600.
Pivot resistance is at 15603.
Preferred trade is to sell into rallies.
Although the bulls are in control, the stalling positive momentum indicates a possible turnaround is possible.
Our profit targets will be 15421 and 15401
Resistance: 15550 / 15600 / 15630
Support: 15500 / 15470 / 15450
Short term bias is mildly bearish.
20 4hour EMA is at 15570.
50 4hour EMA is at 15600.
Pivot resistance is at 15603.
Preferred trade is to sell into rallies.
Although the bulls are in control, the stalling positive momentum indicates a possible turnaround is possible.
Our profit targets will be 15421 and 15401
Resistance: 15550 / 15600 / 15630
Support: 15500 / 15470 / 15450
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Closed at B/E.
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