MNI BRIEF: Fed's Goolsbee Taking Job Gains With Grain Of Salt

BRIEF: EU Says Engaging With China Over EV Trade Dispute

MNI BRIEF: Draghi Calls For Tariffs, Subsidies Against China

MNI BRIEF: China May M2 Slows To Record Low Again

MNI: PBOC Conducts CNY2 Bln Via OMO Fri; Liquidity Unchanged

CHINA PBOC INJECTS CNY2 BILLION VIA 7-DAY REVERSE REPOS FRI

US Treasury Auction Calendar

MNI: BAKER HUGHES US RIG COUNT 590; OIL RIGS 488; GAS RIGS 98

EZ/UK Bond Supply Calendar: Slovakia, Belgium, BoE APF Monday

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

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

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

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

(Z1) Support Exposed Once Again

EUROSTOXX50 TECHS
  • RES 4: 4420.80 1.382 proj of the Jul 19 - Sep 6 - Oct 6 price swing
  • RES 3: 4409.50 High Nov 18 and the bull trigger
  • RES 2: 4289.00/4311.70 High Dec 8 / 76.4% of Nov 18 - 30 downleg
  • RES 1: 4251.00 High Dec 16
  • PRICE: 4172.00 @ 05:31 GMT Dec 17
  • SUP 1: 4134.50 Low Dec 14
  • SUP 2: 4053.50/3995.00 Low Dec 3 / Low Nov 30
  • SUP 2: 3949.50 Low Oct 6 and bear trigger3:
  • SUP 4: 3882.00 Low Jul 19

EUROSTOXX 50 futures have failed to hold onto yesterday’s high of 4251.00 and the contract is lower today. Key near-term support lies at 4134.50, Dec 14 low where a break would signal scope for an extension lower and expose 4053.50, the Dec 3 low. Major support lies at 3995.00, Nov 30 low. For bulls, clearance of yesterday’s high would be encouraging and this would set the scene for a climb towards 4289.00, the Dec 8 high.

Fixed Income Technical AnalysisForeign Exchange Technical AnalysisHomepagemarkets-real-timeEquitiesBulletMarketsFixed Income BulletsForeign Exchange Bullets
Fixed Income Technical AnalysisForeign Exchange Technical AnalysisHomepagemarkets-real-timeEquitiesBulletMarketsFixed Income BulletsForeign 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.