3 months Eurodollar: higher

Catégorie [ Contat 3 m Eurodollar ]

Long term:  higher

On a yearly basis, a bullish non-crossover occurred between prices and PY. This pattern is very bullish.

On a quarterly basis, UQ / LQ spread is maximal and Bollinger bands are diverging. A bullish crossover PQ / MQ occurred and the dynamic for LQ continue. Stochastic and MACD are oversold for 2 periods or more (a bullish non-crossover is in progress). The dynamic for our 7 quarters moving average is strong. A bullish A type crossover is in progress with our 7 / 2 3 quarters moving averages. A new bull trend could be in progress.

On a monthly basis (June 2010 contract) a bullish parallel pattern is in progress.

Idea: very bullish as long as a bearish A type crossover is not expected on a daily basis.

Bet: none

R= 100; S = MW (99.415)

 

Medium term: higher

On a weekly basis, Bollinger bands spread is not minimal. A bullish no-crossover is in progress with our stochastic. A bearish no-crossover is in progress with our MACD. UW is our main resistance.

Idea: nothing to do

Bet:

R = UW (99.751);         S = LD (99.561)

 

Short term: Bollinger bands spread increase

On a daily basis; with our weekly MACD, no bullish pattern could develop. Our stochastic, MACD and moving averages are up with a bullish no-crossover as a status. UW is our main objective.

Idea: up as long as our MACD is not overbought

Bet: rise for some weeks.

R = UW (99.751);         S = MD (99.589)

 

Conclusion: higher for some weeks.