Free Trial

3642.10 Resistance Remains .......>

EUROSTOXX50 TECHS
EUROSTOXX50 TECHS: 3642.10 Resistance Remains 
*RES 4: 3642.10 Low Nov 8 now resistance 
*RES 3: 3620.01 High Nov 10 
*RES 2: 3596.81 55-DMA 
*RES 1: 3585.68 High Dec 4
*PREVIOUS CLOSE: 3570.57
*SUP 1: 3552.34 Low Dec 5 
*SUP 2: 3524.12 200-DMA 
*SUP 3: 3519.35 Low Nov 15 
*SUP 4: 3515.57 Weekly Bull channel base (Off July 2016 low)
*COMMENTARY: Bears failed to take advantage of pressure on the 200-DMA with the
bounce easing immediate bearish pressure Monday. Bulls look for a close above
3642.10 to confirm traction above the bear channel top (3615.40) and 55-DMA,
initially targeting 2017 highs. Bears now need a close below 3552.34 to ease
pressure on resistance layers and below 3497.29 to confirm a break of 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.