SCHATZ TECHS: (U5) Support Remains Intact For Now
Aug-06 06:02
* RES 4: 107.430 High Jun 13 * RES 3: 107.360 High Jul 22 and a key resistance * RES 2: 107.242 50-d...
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MNI: GERMANY MAY INDUSTRIAL PRODUCTION 1.2% M/M
Jul-07 06:02
- GERMANY MAY INDUSTRIAL PRODUCTION 1.2% M/M
MNI: SWEDEN FLASH JUN CPIF +2.9% Y/Y
Jul-07 06:00
- MNI: SWEDEN FLASH JUN CPIF +2.9% Y/Y
EUROSTOXX50 TECHS: (U5) Support Remains Intact
Jul-07 05:59
- RES 4: 5486.00 High May 20 and a key bull trigger
- RES 3: 5456.00 High Jun 11
- RES 2: 5403.00 High Jun 12
- RES 1: 5366.00 High Jun 30
- PRICE: 5314.00 @ 06:43 BST Jul 7
- SUP 1: 5194.00 Low Jun 23 and a bear trigger
- SUP 2: 5182.00 Low May 2
- SUP 3: 5100.94 38.2% retracement of the Apr 7 - May 20 bull leg
- SUP 4: 5078.00 Low Apr 30
Short-term trend signals in Eurostoxx 50 futures remain bearish, however, the recovery from the Jun 23 low still appears to be a reversal and the contract is holding on to its most recent gains. Price has pierced both the 20- and 50-day EMAs. A clear break of both averages would strengthen a reversal theme. This would open 5486.00, the May 20 high and bull trigger. On the downside, a breach of 5194.00, the Jun 23 low, reinstates a bearish theme.
