Contrat Eurodollar 3 mois : toppish / plus bas

Catégorie [ Contat 3 m Eurodollar ]

Long term: higher prices?

On a yearly basis, a bullish non-crossover occurred between prices and PY (4 and 3 periods ago). With a close above open price, this pattern could be very bullish.

On a quarterly basis, UQ / LQ spread is maximal and Bollinger bands are flat. Stochastic and MACD are oversold for 3 periods or more (a bullish non-crossover is in progress). The dynamic for our 7 quarters moving average is strong. A bullish B type crossover is in progress with our 7 / 2 3 quarters moving averages.

On a monthly basis (June 09 contract) a bullish parallel pattern will continue as long as the status for our stochastic is not a bearish divergence.

Idea: warning with our monthly stochastic.


Medium term: bullish

On a weekly basis, a bullish parallel pattern is in progress. Close a bullish position with a weekly close below MW (98.509)

 Idea: use bullish parallel rules.

R = UM (99.099);         S = MW (98.509), LW (97.687).


Short term: lower

On a daily basis Bollinger bands are down. A bearish non-crossover is in progress with our 7 / 23 days moving average. As long as our MACD is not oversold, the decline will continue.

Idea: bearish non-crossover for our MACD.

R = MD (98.683);            S = 98.415, 98.


Conclusion: lower for some weeks.