Wednesday, 28 September 2011

Crude and the FTSE/DAX...top formation?

Oil looks as though its struggling and the DAX and FTSE at least seem to be building a top and i am most interested in what the slow and fast stochastic ribbons and MACCY D are showing.
No trade setups -we could see Dec Dax retest 5600 on the downside. the pink dashed line in the DAX chart is a trigger line from a high TF fork that is not visible here but the TL itself has kept showing up at the major tops...It looks as though we may see a short setup later after the US opening.






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