Try to go SHORT in area 1,255-1,260 EURO. Stop Loss > 1,274 euro (last >= 1,275 euro). Take Profit about 1,190 euro. From: www.tradingbusiness.it Please log-in into www.tradingbusiness.it
Update LONG idea about the ENI ITALIAN STOCK
WAIT PULLBACK AND GO SHORT MAX TARGET 16'000
-Gold (montly): 1°Resistance 1.1149 - 1°Support 1045.8 - 2°Support 990 - No strong reaction from Shanghai Composite, markets without pushing seeking a point to be consolidated -Carry Trade Off ( long € - short Us dollar -> short EU index) -Commodity Tumble: Deflation -Bund&Treasury in bid - Risk Off and no inflation risk
Market View 20/07/15 (Source Twitter/RansQ- Analysis guado77) - Trade at your own risk: - Eu stocks (Dax/FtseMib) "solved" for now "Grexit" recovered price level pre "Greece Referendum" calling (26/06/15). This level could be the "floor" for YTD HIGH for FTSEMIB and recovery 12.000 points for DAX and 2.134 for S&P500 -"Market driver" is now "the resurgence of...
Market View: EurUsd_Dax_FtseMib Support&Resistances
... "when they tell you that the Spread with Germany is at its lowest ever not believe... this is the only one that is important"... 01/01/2002 - 01/08/2009 : Spread vs DAX FTSE MIB lows . Divergence contained 01/08/2009 - 01/12/2014: BOOM BREAKS Spread between DAX and FTSE MIB . After 2000 days DAX " Overperforming " FTSE MIB approximately 130% since 2002 ( euro...
Level on Chart (Pattern: "Potential H&S)
IBEX35 / FTSEMIB Spread shows a beautiful head & shoulders pending to be confirmed.