Free Trial

Bulls Now Focused On..............>

EUROSTOXX50 TECHS
EUROSTOXX50 TECHS: Bulls Now Focused On 3708.82-3714.26
*RES 4: 3714.26 Monthly High July 20 2015 
*RES 3: 3708.82 2017 High Nov 1 
*RES 2: 3670.47 Low Nov 6 now resistance 
*RES 1: 3668.56 Bollinger band top
*PREVIOUS CLOSE: 3649.07
*SUP 1: 3628.13 High Jan 18 now support 
*SUP 2: 3603.30 Low Jan 17 
*SUP 3: 3587.91 55-DMA 
*SUP 4: 3570.51 Low Jan 5
*COMMENTARY: The close above the much talked about 3642.10 resistance adds to
bullish confidence and sees focus shift to 3708.82-3714.26 where 2017 and
monthly highs are situated. Bears now look for a close below 3628.13 to signal a
false break, easing bullish pressure and seeing focus back on layers of support
3546.81-3587.91 where the 55-DMA is located. A close below the 200-DMA is needed
to confirm focus on 3467.78 2018 lows.

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.