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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.
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Free AccessMNI BRIEF: China November PMI Rises Further Above 50
MNI US Macro Weekly: Politics To The Fore
Bounce Potential *RES 4:.........>
EUROSTOXX50 TECHS: Bounce Potential
*RES 4: 3514.78 High August 7
*RES 3: 3486.31 High August 10
*RES 2: 3462.81 High August 28
*RES 1: 3349.14 Low August 15, now resistance
*PREVIOUS CLOSE: 3326.60
*SUP 1: 3261.86 Low March 26
*SUP 2: 3214.31 Low February 8 2017
*SUP 3: 3175.00 Bear channel bottom
*SUP 4: 2984.48 Low December 2 2016
Eurostoxx50 continued its recovery from the 3300 level yesterday, with bulls
targeting the Aug 15 low at 3349.14. Above here would give challenge to the Aug
28 high at 3462.81, a break above which would open up the year-long downtrend.
The broader trend remains bearish though with the March 26 low of 3261.86 still
in sight. A break below here would open up the Feb 2017 lows at 3214.31,
confirming the large topping pattern.
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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.