Free Trial

Bulls Need Close Above 3588.33 ...>

EUROSTOXX50 TECHS
EUROSTOXX50 TECHS: Bulls Need Close Above 3588.33 
*RES 4: 3642.10 Low Nov 8 now resistance 
*RES 3: 3624.24 21-DMA 
*RES 2: 3588.33 High Nov 14 
*RES 1: 3578.13 55-DMA
*PREVIOUS CLOSE: 3547.46
*SUP 1: 3541.22 Low Nov 17 
*SUP 2: 3519.35 Low Nov 15 
*SUP 3: 3508.60 200-DMA 
*SUP 4: 3497.29 High Aug 16 now support
*COMMENTARY: Since closing below the daily bull channel base the sell-off has
seen the index dup below the 100-DMA (3527.84) with focus currently on the
3467.78-3508.60 region where the 200-DMA is noted. O/S daily studies looking to
correct are the key concern for bears. Bulls continue to look for a close above
3588.33 to confirm a break of the 55-DMA, easing bearish pressure and above
3642.10 to return focus to 2017 highs.

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.