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European Equities -- Technical Analysis

17 Nov 2017 7:37 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    13040.5    7381.5     5336.0     3560.0 
1 Week Trend      Bullish    Bullish    Bullish    Bullish 
1 Month Trend     Bullish    Bullish    Bullish    Bullish 
3rd Resistance    13270.0    7447.0     5416.5     3615.0 
2nd Resistance    13190.0    7420.0     5400.0     3601.0 
1st Resistance    13110.0    7395.0     5368.0     3582.0 
Pivot*            13045.7    7372.0     5332.3     3561.0 
1st Support       12915.0    7337.0     5290.0     3537.0 
2nd Support       12842.5    7305.0     5263.0     3515.0 
3rd Support       12710.0    7280.0     5241.0     3500.0 
 

Intraday DAX: the RSI is around its neutrality area at 50% Prices have broken above a declining trend line. Suggest long positions above 12915.00 with targets at 13110.00 & 13190.00 in extension. below 12915.00 look for further downside with 12842.50 & 12710.00 as targets.

1 month trend: Bullish

Intraday FTSE 100: intraday technical indicators are mixed. Prices are challenging the upper end of a short term bearish channel. Only a break above 7395 would deliver a bullish signal. Suggest long positions above 7337.00 with targets at 7395.00 & 7420.00 in extension. below 7337.00 look for further downside with 7305.00 & 7280.00 as targets.

1 month trend: Bullish

Intraday CAC 40: the RSI lacks momentum. Prices have broken above a declining trend line which should play a support role. Suggest long positions above 5290.00 with targets at 5368.00 & 5400.00 in extension. below 5290.00 look for further downside with 5263.00 & 5241.00 as targets.

1 month trend: Bullish

Intraday E-STOXX: the RSI lacks momentum. An island reversal pattern has been validated (bullish event). Prices are holding above a former declining trend line which should now play a support role currently at 3537. Suggest long positions above 3537.00 with targets at 3582.00 & 3601.00 in extension. below 3537.00 look for further downside with 3515.00 & 3500.00 as targets.

1 month trend: Bullish

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

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

November 17, 2017 02:37 ET (07:37 GMT)

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