Monthly Forecasts for CFDs (July 2016)

analyst75 · 2016-07-04T09:26:15+00:00

AUS200 Dominant bias: Bullish AUS200 declined last month, reaching a high of 5393.0 and a low of 5040.0. That southwards movement threatened the bullish outlook on the market, but the recovery that was witnessed in the last several days of June has upheld bulls’ domination. Price is expected to trend further northward this month, reaching the distribution territories at 5440.0, 5540.0 and 5640.0. SPX500 Dominant bias: Bullish This market moved sideways in the first half of June 2014; then it broke down on June 23 and 24, halting the bullish attempt that was witnessed before then. The bias would have turned bearish, should bears continued pushing the market southwards, but price started to recover the following week, which restored confidence to bulls. The outlook on the market is bullish, as bulls would continue to push price upwards, with only intermittent pullbacks along the way. US30 Dominant bias: Bullish The movement of this trading instrument was essentially bearish last month, but bulls were able to recover some of their losses, as price skyrocketed by 9000 points from the monthly low of 17059.0. Recovery is in progress, for this instrument may still move north by additional 4000 points (at least), this month. So the best approach might be to buy fleeting pullbacks in the market, especially when they are followed by a bullish candle in the 4-hour chart. GER30 Dominant bias: Bullish GER30 experienced a large pullback on June 23 and 24, after which bulls came in to arrest further bearish movement. Price plunged into very formidable demand zones and was forced to spring upwards – an action that was followed by a smooth bullish recovery. Price went upwards by almost 5000 points last week, but it is yet to reach the high of June 23, 2016, which was 10470.8. The high of that day is the minimum target for bulls this month, because GER30 would continue to experience gradual recovery until the target at 10470.8 is reached or exceeded. FRA40 Dominant bias: Bullish The market price reached a low of 3919.9 on June 24, and then began a journey of recovery, which remains in progress. Price closed at 4257.4 last week, on a bullish note. The targets for this month are located at the resistance lines of 4370.0, 4450.0 and 4500.0. This does not rule out possibilities of bears’ machinations, but bulls should be vividly victorious by the end of July. Source: www.tallinex.com

Thread starter analyst75
Start date Jul 4, 2016

analyst75

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Monthly Forecasts for CFDs (July 2016)

analyst75

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