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Free AccessHesitating Ahead Of Bear..........>
EUROSTOXX50 TECHS: Hesitating Ahead Of Bear Channel Top
*RES 4: 3448.63 High Mar 16
*RES 3: 3424.31 Hourly resistance Mar 19
*RES 2: 3384.83 Daily Bear channel top off 2018 high
*RES 1: 3372.53 Hourly support Mar 7 now resistance
*PREVIOUS CLOSE: 3361.50
*SUP 1: 3333.25 Low Mar 29
*SUP 2: 3261.86 2018 Low Mar 26
*SUP 3: 3252.29 High Feb 8 2017 now support
*SUP 4: 3214.31 2017 Low Feb 8
*COMMENTARY: Bulls take comfort in hesitation ahead of 2018 lows that provided
the impetus for a bounce back towards the bear channel top. Bulls now need a
close above the channel top to ease bearish pressure and above 3476.21 to shift
initial focus to 3510.63-3516.51 where 100 & 200-DMAs are noted. Bears now look
for a close below 3333.25 to retain focus on 2017 lows.
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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.