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European Equities -- Technical Analysis

22 Sep 2017 6:38 am
 
   By TRADING Central 
   The Dow Jones Newswires technical analysis partner 
 
 London (Dow Jones)--Rolling 24-hour chart levels: 
 
Index Futures:    DAX 30     FTSE 100   CAC 40     E-STOXX 
                  Eurex      ICEEurope  Euronext   Eurex 
Previous Close    12598.5    7226.0     5256.0     3530.0 
1 Week Trend      Bullish    Bearish    Bullish    Bullish 
1 Month Trend     Bullish    Bullish    Bullish    Bullish 
3rd Resistance    12720.0    7268.0     5300.0     3560.0 
2nd Resistance    12669.0    7249.0     5285.0     3549.0 
1st Resistance    12632.0    7225.0     5270.0     3535.0 
Pivot*            12593.7    7201.8     5256.5     3528.7 
1st Support       12503.0    7183.0     5237.0     3515.0 
2nd Support       12485.0    7152.0     5225.0     3506.0 
3rd Support       12462.0    7120.0     5207.0     3492.0 
 

Intraday DAX: the RSI broke below a rising trend line. Suggest short positions below 12632.00 with targets at 12503.00 & 12485.00 in extension. above 12632.00 look for further upside with 12669.00 & 12720.00 as targets.

1 month trend: Bullish

Intraday FTSE 100: the RSI is mixed. Prices have broken below a rising trend line. Suggest short positions below 7225.00 with targets at 7183.00 & 7152.00 in extension. above 7225.00 look for further upside with 7249.00 & 7268.00 as targets.

1 month trend: Bullish

Intraday CAC 40: the index currently faces a challenging resistance area at 5270.00. Suggest short positions below 5270.00 with targets at 5237.00 & 5225.00 in extension. above 5270.00 look for further upside with 5285.00 & 5300.00 as targets.

1 month trend: Bullish

Intraday E-STOXX: the RSI is bearish and calls for further downside. Suggest short positions below 3535.00 with targets at 3515.00 & 3506.00 in extension. above 3535.00 look for further upside with 3549.00 & 3560.00 as targets.

1 month trend: Bullish

* The pivot is the sum of the high, low and close divided by three.
 

For more technical analysis see: Dow Jones Newswires, N/DJTA; Telerate, pages 4209,1108,4210,1105,5041,4142; Bloomberg, NI DJTA; and Reuters key word search "INSI-DJN"
 

This content was produced exclusively for Dow Jones by Trading Central, a leading investment research and commentary service specializing in technical analysis (www.tradingcentral.com).
 

This is a financial news and information service. It is provided in general terms and does not take account of or address any individual user's position. To the extent that this article includes suggestions as to various possible investment strategies which users might consider, it does so in only general terms without reference to the personal factors which should determine any user's investment decisions. Nothing contained in this service constitutes personalized investment advice. Dow Jones does not warrant the accuracy, completeness or timeliness of the information in this article, and any errors shall not be made the basis for any claim against Dow Jones. The author does not invest in the instruments or markets cited in this article. This article does not constitute or form part of any invitation or inducement to buy or sell any security.
 

(END) Dow Jones Newswires

September 22, 2017 02:38 ET (06:38 GMT)

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