EuroStoxx below 3410/05 risks a slide to the May low at 3385/80. A break below the 50% Fibonacci at 3374 targets 3366 & 3359/55.
Holding 3410/05 allows a recovery to 3428/30 with strong resistance at 3439/42. Shorts need stops above 3450. A break higher meets strong resistance at 3461/64. Shorts need stops above 3470.
Above 6530 confirms a potential move towards 6565 & yesterday's high of 6595 but look for a selling opportunity at 6620/30 . Try shorts with stops above 6670. A break higher however allows a further recovery to strong resistance at 6745/55.
Failure to hold beat 6530 risks a slide to 6465/55 before the low at 6430/20. Below 6415/10 targets 6390/80, perhaps as...
WTI Crude tests important support at 6600/6580 for a buying opportunity with stops below 6530. An unexpected but sustained break below 6530 however is a big sell signal.
I expect a strong bounce eventually to target 6620/30 & 6665/75 but we meet resistance at 6715/25. We should struggle with a high for the day likely...but shorts are too risky in the bull trend.
