FREELAND: CANADA WON'T ESCALATE OR BACK DOWN ON US TRADE FIGHT

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: China Nov M1 Decline Narrows, M2 Slows

EZ/UK T-Bill Calendar: 8/13/28/50-Week BTF Auction on Monday

EZ/UK Bond Supply Calendar: 4.125% Jul-29 Gilt Due on Tuesday

MNI: CANADA OCT WHOLESALE SALES +3.3%; EX-AUTOS +0.5%

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

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

(Z2) Bear Threat Remains Present

EUROSTOXX50 TECHS
  • RES 4: 3678.00 High Sep 13 and bull trigger
  • RES 3: 3525.20 Trendline resistance drawn from the Aug 17 high
  • RES 2: 3481.50/92.00 50-day EMA / High Oct 6
  • RES 1: 3404.00 20-day EMA
  • PRICE: 3317.00 @ 06:26 BST Oct 13
  • SUP 1: 3305.00 Low Oct 11
  • SUP 2: 3236.00/3229.00 Low Oct 3 / Low Nov 9 2020 (cont)
  • SUP 3: 3163.00 Low Nov 6 2020
  • SUP 4: 3143.20 1.382 proj of the Aug 17 - Sep 5 - 13 price swing

EUROSTOXX 50 futures remain below last week's high of 3492.00 on Oct 6. The 50-day EMA, at 3481.50, remains intact and continues to provide resistance. The broader trend direction is down and a continuation lower would open the key support and bear trigger at 3236.00, the Oct 3 low. A break would confirm a resumption of the primary downtrend. For bulls, a move above the 50-day EMA is required to highlight a stronger reversal.

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.