Deal reached at the European summit

Following the deal reached a couple of hours ago at the European summit re. the recovery fund, there is a likelihood that the FCE August contract will open gap up. If the 5100 pts resistance which has been tested several times breaks with a gap up, the maket could go and seek the 5140 area and then the 5200. This scenario would be cancelled if the market retraced down below the 5040 pts.

Dagangan aktif:

Yesterday the market did open with a gap in the 5130 area, then moved further up to the 5175 area, but didn't go as far as the 5200 points suggested in my scenario. If you moved up your stop loss to protect your gains and are now out of the market, a good entry point now would be near the support line at 5040. The advantage of this scanario is to keep a stop loss quite close to the entry point.