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Free AccessMNI BRIEF: China November PMI Rises Further Above 50
MNI US Macro Weekly: Politics To The Fore
Closing In On Dec 3 High *RES.....>
EUROSTOXX50 TECHS: Closing In On Dec 3 High
*RES 4: 3400.00 Downtrend resistance from Jan 2018 high
*RES 3: 3329.24 200-dma
*RES 2: 3274.40 Low Sep 7 now resistance
*RES 1: 3244.98 High Dec 3
*PREVIOUS CLOSE: 3163.24
*SUP 1: 3100.00 Pivot
*SUP 2: 3060.18 21-dma
*SUP 3: 2908.70 Dec 27 low
*SUP 4: 2892.52 Aug 3 2016 Low
Eurostoxx extended its gains on Friday to close in on the Dec 3 high at 3244.98.
A break above here would further improve the outlook suggesting a run at the
200dma which crosses at 3329.24. Bears need to retake the 3100 level to turn the
outlook neutral and open the 21-dma. Below here would open the 3000 level ahead
of a retest of the Dec 27 low at 2908.70.
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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.