Free Trial

TA-35 Index Brushes Off Escalation, Enters Breakout Gap

ISRAEL
  • TA-35 Index found support above 1600 yesterday, closing +0.77% firmer on the day, and has maintained its upside momentum today – trading +1.27%.
  • Price action has moved back into the breakout gap lower, but will need to hold these levels to ensure a return to prior highs.
  • Focus on the 1650 level for signs of sellers in gauging the veracity of the latest move higher.


MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com

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.