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EUROSTOXX futures likely to drop: Lucas
Steve Lucas of 3cAnalysis is short JUN’16 EUROSTOXX futures. Lucas says we have broken through the Ichimoku cloud and through the 50 & 100 day average rates.
Lucas is selling at 2891 and his stop will be at the 50-day average rate at 2966 which is just above a 50% recovery to the losses since May’s top. Targets will be 2820 and 2775, April’s low.
Steve Lucas says that this trade is good until Friday’s close.
FULL DISCLAIMER
NOTIFICATION ON NON-INDEPENDENT INVESTMENT RESEARCH AND RISK WARNING
01:45 minutes
Tags: eurostoxx50, futures, saxo bank tradingfloor.com, saxotradergo, short, short-selling, steve lucas 3c analysis, tradingfloor.com
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