MNI: GERMANY OCT RETAIL SALES -1.5% M/M

MNI: GERMANY OCT EXPORT PRICE INDEX 0.3% M/M, 0.6% Y/Y

MNI BRIEF: Trump Tariffs To Push China, EU Cooperation - BOC

MNI: PBOC Net Drains CNY156.1 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Lower At 7.1877 Fri; -1.39% Y/Y

MNI BRIEF: China May Inject CNY1 Trln To Replenish Big Banks

MNI: FRANCE GDP Q3 2ND EST +0.4% Q/Q

MNI: FRANCE OCT CONSUMER SPENDING -0.4% M/M, +0.4% Y/Y

MNI: FRANCE OCT PPI +0.9% M/M, -5.7% Y/Y

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

MNI EXCLUSIVE: German Turmoil Dashes EU's Joint-Funding Hopes -Officials

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

E-MINI S&P TECHS: (Z3) Consolidation Marks A Pause In The Uptrend

EQUITY TECHS
  • RES 4: 4700.00 Round number resistance
  • RES 3: 4685.25 High Jul 27 and a bull trigger
  • RES 2: 4644.75 High Aug 2
  • RES 1: 4597.50 High Sep and a key resistance
  • PRICE: 4573.75 @ 07:13 GMT Dec 1
  • SUP 1: 4501.75/4490.76 Low Nov 16 / 20-day EMA
  • SUP 2: 4436.17 50-day EMA
  • SUP 3: 4354.25 Low Nov 10
  • SUP 4: 4257.75 Low Nov 3

A bullish theme in S&P e-minis remains intact and the current consolidation is seen as a pause in the uptrend. A strong rally on Nov 14 resulted in the break of a trendline drawn from the Jul 27 high. This breach and the subsequent rally, reinforces bullish conditions and opens 4597.50, the Sep 1 high. Moving average studies are in a bull-mode position highlighting an uptrend. Initial firm support is seen at 4490.76, the 20-day EMA.

Energy BulletsCommodities
Energy BulletsCommodities

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.