DJ Euro Stoxx 50 future: the bulls still control the market

The long-term trend is up on DJ Euro Stoxx 50 future daily chart. The bulls still control the market.

DJ Euro Stoxx 50 future Monday, November 7 close was at 2998 (+1.66%). The long-term trend is up on the daily chart. Although the short-term trend remains bearish, the bulls control the market. The leading oscillators still confirm the negative trend.

DJ Euro Stoxx 50 future bulls still control the market

View the interactive chart on ProRealTime.com

Simple Moving Average (SMA)
Quotes are below the 14 days moving average (SMA value is 3034). The short-term view is mildly bearish.
Volumes
Daily chart shows an increase in volumes compared to the previous day.


Support and Resistance levels
7, 15 and 30 trading days Performance. Support, Resistance and Pivot Point levels. Last updated closing price: 07/11/2016.

Performance: 7 trading days= -2.35% – 15 trading days= -1.32% – 30 trading days= +1.46%

Resistance levels: R1= 3011 – R2= 3023 – R3= 3050
Pivot Point: 2996
Support levels: S1= 2984 – S2= 2969 – S3= 2942


Buying opportunity above 3003 targets minor resistance at 3032 and perhaps as far as strong resistance at 3056, where sellers could regain control. Above that level it could trigger an acceleration to the upside with the next target at 3101.

Selling opportunity below 2994 targets minor support at 2968 and perhaps as far as strong support at 2947, where buyers could get back into the market. Below that level we could expect a bearish downward movement with the next target at 2898.

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