Free Trial

3100 Pivot Remains Key *RES 4:...>

EUROSTOXX50 TECHS
EUROSTOXX50 TECHS: 3100 Pivot Remains Key 
*RES 4: 3348.15 200-dma 
*RES 3: 3244.98 High Dec 3 
*RES 2: 3140.00 Down trendline resistance from Sep high 
*RES 1: 3100.00 Pivot 
*PREVIOUS CLOSE: 3070.24 
*SUP 1: 2908.70 Dec 27 low 
*SUP 2: 2892.52 Aug 3 2016 Low 
*SUP 3: 2678.27 Low July 1 2016 
*SUP 4: 2494.54 Low May 24, 2013 
Eurostoxx50 edged higher towards the key 3100 pivot area yesterday, above which
is needed to improve the outlook and open down trendline resistance at 3140.
Above here would shift the outlook bullish targeting the Dec 3 high of 3244.98.
Bears look for a move back below 3000 which would allow them to target the Dec
27 low at 2908.70. A break here would switch the focus to the Aug 2016 low at
2892.52.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.