Free Trial

Closes Below Key WMAs *RES 4:.....>

EUROSTOXX50 TECHS
EUROSTOXX50 TECHS: Closes Below Key WMAs
*RES 4: 3424.31 Hourly resistance Mar 19 
*RES 3: 3372.53 Hourly support Mar 7 now resistance 
*RES 2: 3348.19 Hourly resistance Mar 22 
*RES 1: 3324.45 Hourly resistance Mar 23
*PREVIOUS CLOSE: 3298.07
*SUP 1: 3279.46 2018 Low Mar 23 
*SUP 2: 3264.84 Low Feb 10 2017 
*SUP 3: 3252.29 High Feb 8 2018 
*SUP 4: 3214.31 2017 Low Feb 8
*COMMENTARY: The break below 3372.53 has now resulted in a weekly close below
100 (3318.24) & 200 (3300.24) DMAs and fresh 2018 & 13mth lows that sees
immediate focus on the 2017 low. Layers of resistance are accumulating and
adding to bearish confidence. Bulls continue to look for a close above 3372.53
to ease bearish pressure and above 3448.63 to target 3476.21-3479.95.

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.