Free Trial

Below 3497.29 To Shift Focus......>

EUROSTOXX50 TECHS
EUROSTOXX50 TECHS: Below 3497.29 To Shift Focus Lower 
*RES 4: 3581.43 High June 26 
*RES 3: 3555.37 High June 29 
*RES 2: 3539.48 Monthly High July 13 
*RES 1: 3537.22 High Sept 18
*PREVIOUS CLOSE: 3525.55
*SUP 1: 3520.72 Low Sept 20 
*SUP 2: 3506.61 Low Sept 13 
*SUP 3: 3497.29 High Aug 16 now support 
*SUP 4: 3480.60 Hourly support Sept 11
*COMMENTARY: Hesitation ahead of 3539.48 and O/B studies are concerns with bulls
continuing to look for a close above 3539.48 to shift initial focus to 3615.06
and overall focus to 2017 highs (3666.80). Layers of support remain and add
support to the bullish case. Bears now need a close below 3520.72 to ease
immediate pressure on 3539.48 and below 3497.29 to shift initial focus back to
3439.79-3470.42 where key DMAs are clustered.

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.