Free Trial

Nasdaq future drifts lower

EQUITIES
  • Nasdaq Futures edges to session low, but it will be interesting to see how price action develops going forward (TINA).
  • The Future contract tested its highest level since July Yesterday, and the July high situated at 16,264.25, is the record print for the December contract.
  • For Cash NDX, the index traded above the 16k figure, and next resistance will be seen at 16,454.56, followed by the all time record high at 16,764.86.
  • Estoxx and Emini are also fading, led by Nasdaq futures, but these are tiny moves overall.
  • ESZ3 printed a 4520.00 low Yesterday, but support is seen at 4501.75.
  • Small support in VGZ3 is seen at 4329.00.

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.