FxWirePro: Daily Commodity Tracker - 21st March, 2022 
We have already shared two of our outlook from fundamental side of FxWirePro,
- We expect, EuroStxx50 to reach 2440 area in the near term
- In the longer run, we expect EuroStxx50 to be much more bearish and reach around 1500 area.
You can have a look into the details of the calls available at FxWirePro.
In this piece however, we are sharing another call in the medium. Or fundamental outlook is also similar for the call.
We expect, investors to keep withdrawing funds from equities as concern over the global economy likely to persist. We also expect, situations with China, would be difficult to manage, the authorities would either have to have burst in debt fuelled economy or have currency weaken.
Similarly with re-pricing and re-alignment going on, we expect emerging market economies to have their own set of debt problem and that even without a stronger Dollar.
As of now, outlook is bearish that is due to re-alignment of capital flow. Nevertheless we do recognize, return of growth in advanced economies like US and UK, growth dynamics fantastic in Euro area. These factors should provide support to economies going ahead but that moment is still not here.
Trade idea
Sell EuroStxx50 at current price of 2720 and at rallies of every 50-75 points, with stop loss around 3070 area and target around 2075-2100 area.
