Free Trial

3497.29 & 3642.10 Levels Remain...>

EUROSTOXX50 TECHS
EUROSTOXX50 TECHS: 3497.29 & 3642.10 Levels Remain Key 
*RES 4: 3670.47 Low Nov 6 now resistance 
*RES 3: 3642.10 Low Nov 8 now resistance 
*RES 2: 3620.01 High Nov 10 
*RES 1: 3592.69 High Nov 10
*PREVIOUS CLOSE: 3582.21
*SUP 1: 3568.36 21-DMA 
*SUP 2: 3558.50 Low Dec 7 
*SUP 3: 3547.56 Hourly resistance Dec 6 now support 
*SUP 4: 3528.64 200-DMA
*COMMENTARY: Support continued to emerge on dips back towards the 200-DMA and
weekly bull channel base (3526.37) last week although follow through remains
lacking above the 55-DMA (3598.79). Bulls need a close above 3642.10 to confirm
traction above the bear channel top (3600.32) and 55-DMA, initially targeting
2017 highs. Below 3497.29 is needed to confirm a break of the 200-DMA and the
weekly bull channel base, with below 3467.78 to target 3363.68-3397.27.

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.