DJ Eurostoxx 50 future technical view remains positive. For intraday trading session we can expect an acceleration towards the minor resistance level.
Yesterday DJ Eurostoxx 50 future close was at 3050 (-0.62%). The short term technical view remains bullish, so for intraday trading session we can consider price acceleration towards the minor resistance level. The major oscillators confirm the bullish trend.
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Simple Moving Average (SMA)
The price is above the 14 days moving average (SMA value is 2960). The short term view remains bullish.
Daily chart shows volume is lower than the previous day.
Support and Resistance levels
7, 15 and 30 trading days Performance. Support, Resistance and Pivot Point levels. Last updated closing price: 25/04/2016.
Performance: 7 trading days= +2.28% – 15 trading days= +8.12% – 30 trading days= -0.72%
Resistance levels: R1= 3074 – R2= 3099 – R3= 3143
Pivot Point: 3055
Support levels: S1= 3030 – S2= 3011 – S3= 2967
Buying opportunity above 3068 targets minor resistance at 3091 and perhaps as far as strong resistance at 3118, where sellers could regain control. Above that level it could trigger an acceleration to the upside with the next target at 3156.
Selling opportunity below 3043 targets minor support at 3017 and perhaps as far as strong support at 2998, where buyers could get back into the market. Below that level we could expect a bearish downward movement with the next target at 2948.