Thursday, September 11, 2008

ER / ES / EURUSD for Sep 11th '08





You will have noticed the mid week update posted on the public blog yesterday.

Now for today:
ER2: bounce on 705 as expected (see yesterday's post on MarketSnapshot) but we are now in the segment below 719, and we could test 705 again or even 688 later on. We're however not in bear mode and a recovery is still very much possible at the end on this congestion period.

ES: looks pretty bearish right now, but we'll still give July lows a chance to hold. ES should try and stay above 1222,and even pass 1250 again to reassure the markets.

EURUSD: We just reached our target at 1.393, so this is certainly the easiest market of all at the moment. We're looking at a next target at 1.384 then 1.374 eventually. EURUSD is obviously very very oversold right now so we'll tighten our stops just in case.


(SORRY... POSTED ON THE PUBLIC BLOG INSTEAD OF THE PRIVATE ONE)