Technical Analysis for December 09, 2014

SPX made a big reversal to 2060 level and targeting 2040 next as the lower break. A reversal higher once more again to 2080 will target 2100 again. Tried to break 2080 level and traded around that level for now.

 

Dow Jones moves lower to 17850, trying to make a correction after a break to 17900 level. Long term trend still very bullish and the next target will be 18000. A lower break to 17600 will target 17450 next to bring back Dow Jones in lower sideways trading range.

 

FDAX make a reversal under 10000 to 9980 level for now and will retest 10000 and find price stability at that level. Next lower break under 9800 will pose a danger to this trend and targeting 9750 next.

 

FTSE made a reversal to 6650 level and attempts to move lower. A reversal to 6700 will target 6750 level for now. A lower break under 6650 will target 6600 next. A reversal or break risk is very high due to the volatility in the market.

 

 

Risk Disclaimer

Forex and CFDs are leverage products, involved a high level of risk and can result in the loss of all your invested capital. Forex and CFDs may not be suitable for all investors. You should not risk more than you are prepared to lose. Before deciding to trade, you should ensure that you understand the risks involved and take into account your level of experience.

All information on this website, including any opinion, charts, prices, news, data, Buy/Sell signals, research and analysis is our point of view and is provided as general market commentary and does not constitute any investment advice.

OneStopBrokers.com will not accept any responsibility or liability for losses incurred by customers, visitors or traders as a result of using the data available on OneStopBrokers.com. Read more

 

---