DALY SEES 'NO URGENCY TO ADJUST THE POLICY RATE'

MNI BRIEF: Fed’s Collins Sees Rate Cuts Later Than Had Thought

MNI BRIEF: China March M2 Slows More Than Expected

MNI BRIEF: China Tightens Stock Market Supervision

MNI BRIEF: China Mar Exports Jump On Demand; Imports Improve

MNI: PBOC Sets Yuan Parity Lower At 7.0967 Fri; -4.87% Y/Y

MNI: BAKER HUGHES US RIG COUNT 617; OIL RIGS 506; GAS RIGS 109

March Home Sales Jumped At End Of Month

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

MNI BRIEF: Lawmakers Signal Tough Hearing For BOC's Macklem

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

(Z1) Finds Support Ahead Of The 50-Day EMA

EUROSTOXX50 TECHS
  • RES 4: 4498.00 High Dec 27, 2007 (cont)
  • RES 3: 4448.00 High Jan 2, 2008 (cont)
  • RES 2: 4420.80 1.382 proj of the Jul 19 - Sep 6 - Oct 6 price swing
  • RES 1: 4409.50 High Nov 18 and the bull trigger
  • PRICE: 4298.50 @ 05:55 GMT Nov 25
  • SUP 1: 4236.50/35.50 Low Nov 25 / 50-day EMA
  • SUP 2: 4223.00 High Sep 6
  • SUP 3: 4119.00 Low Oct 18
  • SUP 4: 4004.00 / 3949.50 Low Oct 12 / Low Oct 6 and bear trigger

EUROSTOXX 50 futures traded lower yesterday. The contract however has managed to find support just ahead of the 50-day EMA, at 4235.50 today. This average marks a key support parameter and a breach of it is required to signal the next leg lower. For now, yesterday's recovery is encouraging for bulls and the low of 4236.50 does suggest a potential short-term base. A continued recovery would open 4409.50, the Nov 18 high.

Fixed Income Technical AnalysisForeign Exchange Technical AnalysisFixed Income BulletsHomepagemarkets-real-timeEquitiesBulletMarketsEmerging Market NewsForeign Exchange Bullets
Fixed Income Technical AnalysisForeign Exchange Technical AnalysisFixed Income BulletsHomepagemarkets-real-timeEquitiesBulletMarketsEmerging Market NewsForeign Exchange Bullets

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.