Free Trial

Bulls Need To Close Above 3000 ...>

EUROSTOXX50 TECHS: Bulls Need To Close Above 3000 
*RES 4: 3355.23 200-dma 
*RES 3: 3244.98 High Dec 3 
*RES 2: 3100.00 Pivot  
*RES 1: 3007.53 Low Dec 10, now resistance 
*PRICE: 2993.18 @ Close Jan 3
*SUP 1: 2908.70 Dec 27 low 
*SUP 2: 2892.52 Aug 3 2016 Low 
*SUP 3: 2678.27 Low Jul 1 2016 
*SUP 4: 2494.54 Low May 24, 2013 
Bulls need to recover the 3000 level as well as the Dec 10 low at 3007.53, which
has acted as resistance in recent days. Above here lies the 3100 pivot area and
a close above here would shift the outlook neutral. On the downside the Dec 27
low at 2908.70 remains the target below which opens the Aug 2016 low at 2892.52.

To read the full story



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.