FR40 Intraday: the bias remains bullish.
May 8, 2024 08:59
FR40 (FR40)
10.7+0.13%
long positions above 8060.00 with targets at 8145.00 & 8205.00 in extension.
Pivot: 8060.00
Our preference: long positions above 8060.00 with targets at 8145.00 & 8205.00 in extension.
Alternative scenario: below 8060.00 look for further downside with 8019.00 & 7990.00 as targets.
Comment: investors have to remain cautious since these levels may trigger profit taking.
Supports and resistances:
8253.00
8205.00
8145.00
8137.73 Last
8060.00
8019.00
7990.00
Our preference: long positions above 8060.00 with targets at 8145.00 & 8205.00 in extension.
Alternative scenario: below 8060.00 look for further downside with 8019.00 & 7990.00 as targets.
Comment: investors have to remain cautious since these levels may trigger profit taking.
Supports and resistances:
8253.00
8205.00
8145.00
8137.73 Last
8060.00
8019.00
7990.00
Disclaimer: References, analysis and trading strategies are provided by the third-party provider, Trading Central, and the point of view is based on the independent assessment and judgment of the analyst, without considering the investment objectives and financial situation of the investors. All strategic opinions do not constitute investment advice or recommendations and are for references only. Our company also does not guarantee the accuracy of the strategic views and does not take any responsibility for the negative results caused by the trading strategies.
