Free Trial

Bearish Picture Remains Intact....>

EUROSTOXX50 TECHS
EUROSTOXX50 TECHS: Bearish Picture Remains Intact
*RES 4: 3540.64 High June 15 
*RES 3: 3536.87 High July 31 
*RES 2: 3514.78 High August 7 
*RES 1: 3435.12 High August 14 
*PREVIOUS CLOSE: 3393.67 
*SUP 1: 3349.14 Low August 15 
*SUP 2: 3340.85 Low June 27 
*SUP 3: 3331.53 200-WMA 
*SUP 4: 3306.66 Low February 18 
Yesterday's bounce improved the short-term outlook but bulls still need to
regain the Aug 14 high of 3435.12 to make the bigger picture more constructive.
Bears remain focused on the Aug 15 low, a break of which would likely see
downside momentum gather pace. A further break below the 200-wma would open the
way towards the March lows at 3261.86. 

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.