Technical Analysis for December 10, 2014

SPX reached the last lower target at 2040 level but back to 2060 level for now. A higher break to 2080 will target 2100 again. And the next lower movement will try to trapping SPX around 2030-2050 level.

Dow30 moves lower to 17700 but got back to 17800 level for now.  Long term trend still very bullish and the next target will be 18000 but first it will try to find price stability around 17900 level. A lower break to 17600 will target 17450 next to bring back Dow Jones in lower sideways trading range.

FDAX made a lower break around 9800 level, making some threat to 9750 level but eventually retraced to 9880 level. Next higher target will be 10000 level and lower target will be 9750. A break higher will be difficult at this point.

FTSE breaks under 6600 line and breached 6550 level. A reversal risk to 6600 will bring back FTSE to 6700 level but a lower attempt will target 6400 after such a big turnaround in the market. Volatility in the market will make any break to any direction for now.

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

---