Free Trial

Supported Ahead Of Key DMAs ......>

EUROSTOXX50 TECHS
EUROSTOXX50 TECHS: Supported Ahead Of Key DMAs 
*RES 4: 3642.10 Low Nov 8 now resistance 
*RES 3: 3618.47 21-DMA 
*RES 2: 3601.45 High Nov 13 
*RES 1: 3596.64 High Nov 22
*PREVIOUS CLOSE: 3572.07
*SUP 1: 3545.07 Low Nov 23 
*SUP 2: 3536.21 Low Nov 20 
*SUP 3: 3519.35 Low Nov 15 
*SUP 4: 3514.16 200-DMA
*COMMENTARY: Correcting O/S daily studies appear to be impacting with the index
remaining supported on dips back towards 3497.29-3536.21 where 100 & 200-DMAs
are noted. Bulls have so far failed to manage closes above the 55-DMA (3588.00)
with a close above 3601.45 needed to ease bearish pressure and above 3642.10 to
target 2017 highs. Bears need a close below 3497.29 to hint at a move to 2017
lows with below 3467.78 confirming.

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.