Remain bullish with #DAX30 | 26 June 2020

 #CAC40 weekly

Technical observation

The commodity on the weekly chart above pulled back to a supportive zone it established around 4732.0-4672.0 and was contained above it. Right now, the value of this commodity is rallying upwards steadily and I expect this bullish movement to continue to the resistance level 5679.4. If you bought #CAC40 within the zone 4732.0-4672.0 after a bounce, remain long with your take profit at 5679.4 and stop loss at 4427.0. Should there be a clear penetration below the above -mentioned zone with a big red candle, I anticipate bearish price movements towards 3927.0 after a correction to the just broken zone.

Trade recommendation

 Remain long with your take profit at 5679.4.

#DAX30 weekly

Technical observation

The value of the commodity on the chart above is trading with an increasing bullish momentum above a supportive zone 11725.9-11619.0. My expectation is a continuation of this bullish rally to the resistance line 13471.9 followed by either a clear breakout above it with a big green candle or a bounce at it. If you bought this commodity within the zone 11725.9-11619.0 after a bounce, remain in the trade with your take profit a 13471.9 and stop loss at 10987.5. However, if you are currently neutral with # DAX30 remain so and wait for either another correction to 11725.9-11619.0 or a break above 13471.9 to buy.

Trade recommendation

Remain bullish with your take profit at 13471.9.

#ESTX50 weekly

Technical observation

#ESTX50 is trading with an increasing bullish momentum above a supportive zone 3111.5-1083.9 and as long as the value of this commodity is contained above this zone, we expect only bullish movements. I expect this bullish movement to continue to the resistance line 3674.0 followed by a clear breach above it. If you went long with this commodity within the zone 3111.5-1083.9 after a bounce, remain in the trade with your take profit at 3674.0 and stop loss at 2921.9. On the flip side, should there be a break below 3111.5-1083.9, I expect bearish rally towards 2417 after a correction to the broken zone.

Trade recommendation

Remain long with your take profit at 3674.0.