Technical Update - DAX, AEX25, BEL 20 & CAC40

GER40 cfd: Key resistance at around 16,210. Close above could fuel a rally to 16,500 possibly 16,680

AEX25 RSI is showing positive sentiment suggesting higher AEX levels but a close above 781 is needed for uptrend confirmation.

A close above 781 is likely to fuel a rally to 802 possibly 830.
If AEX fails to break higher the ranger bound scenario is likely to continue for next couple of weeks. Range bound between 781 and 748.

NETH25 cfd. 781 resistance is key. Could be range bound between 781 and 748.

BEL20 is moving higher towards 3,850-3,950.

Short-term a minor correction could be seen but for BEL20 to have the uptrend demolished a close back below 3,668 is minimum requirement.

BELG20 cfd: Testing minor resistance at around 3,795. Minor setback should be expected before BELG20 is likely to move higher towards 3,850-3,950.
A close of the gap and below 3,679 will demolish the bullish scenario

CAC40 closed Friday above resistance at around 7,404 but RSI didn’t manage to confirm the uptrend by closing above 60 threshold. The bullish break could be a false break. Next couple of days will tell but the 21, 55 and 100 are adding bullish support suggesting higher levels on CAC40.
Technically there is a short-term uptrend that could lift the index to 7,581 possibly 7,657 but keep an eye on the daily RSI 60 threshold

A close below 7,291 is likely to send CAC 40 to test support at around 7,100

FRA40 cfd: Closed Friday above resistance and is in uptrend but RSI hasn’t yet confirmed it by a close above 60 threshold. If it doesn’t (RSI closing above 60) FRA40 could slide back.

However, the Moving Averages are suggesting higher Index levels are likely.
A close below 7,2165 is likely to send FRA40 to test key support at around 7,080