Market Pulse ///
Key volume levels and important upcoming economic calendar events for traders of the FESX index.
Today, 14 October, ECB officials are scheduled to speak. The EU summit will take place on 15–16 October. Watch for statements on interest rates, inflation, French debt and energy risks.
The ECB meets on 28–29 October, with the monetary policy decision and press conference on 29 October. Monitor the decision against market expectations and the assessment of energy inflation.
In the previous review, we identified the contract’s core volume area as a resistance range. The chart marks the S1 sell setup that played out relative to this level. S2 is a suitable area with high potential for selling relative to the resistance range formed last week.
While market participants await the ECB meeting, let’s update the key levels:
Contract Volume Area 6300 – 6352
Last Week Volume 6180 – 6204
Resistance 6240 – 6264
Support 6124 – 6152
VWAP 6272
