European market weekly outlook for 9-13 Jan 2017

ftse 100 weekly outlook for 9-13 Jan 2017

Ftse weekly-bull run continues for 7280-7445 targets

Ftse 100 index this week closed at 7210. This was fifth positive week for this major market index. Ftse on daily chart is in mini bull market and heading higher without any breadth taking. Rally was started at 6750 level and heading for my swing target of 7280. Above 7280, ftse next target will be 7440. From long term view, ftse in near 2017 target of 7270.   cac 40 weekly outlook for 9-13 Jan 2017

CAC weekly-expect target 4975

CAC 40 index this week closed at 4909 with gain. This was fifth gaining week for this major French index. In last 5 weeks we saw almost 400 plus points rally on upward direction. CAC 40 index has given bullish breakout around 4730 level and heading for my bullish positional target of 4970. Above 4970, next major resistance as well as swing target zone will be 5110. On longer term charts, CAC 40 index is in strong bullish trend and heading for 5175 target zone.   DAX 30 index weekly outlook for 9-13 Jan 2017

Dax weekly-heading for target 11800

DAX 30 index this week closed at 11599 with gain. This was straight fifth gaining week for this German index. In these 5 weeks dax rallied from low of 10400 to highs of 11600+. DAX 30 index Is in strong bullish trend and given bullish breakout at 11100 level. On upside 11800 and 12200 are my swing target zones for month of January. From long term view, DAX 30 index is in strong Bull Run and heading for long term target of 12395.

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Pramod Baviskar

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