Free Trial

Losing Upside Momentum *RES 4:....>

EUROSTOXX50 TECHS
EUROSTOXX50 TECHS: Losing Upside Momentum
*RES 4: 3540.64 High June 15 
*RES 3: 3536.87 High July 31 
*RES 2: 3514.78 High August 7 
*RES 1: 3435.12 High August 14 
*PREVIOUS CLOSE: 3419.26 
*SUP 1: 3404.87 Low August 22 
*SUP 2: 3349.14 Low August 15 
*SUP 3: 3340.85 Low June 27 
*SUP 4: 3331.53 200-WMA 
The failure to close above the August 14 high of 3435.12 for the second
consecutive day gives bears some cause for cheer, with a break back below
3404.87 needed to shift the focus lower back to the Aug 15 low and beyond. Bulls
need to close above 3435.12 to target the August 7 high and mount a break above
down trendline resistance going back to January. 

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.