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European Equities -- Technical Analysis

23 Jan 2018 7:44 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    13446.5    7653.0     5540.0     3654.0 
1 Week Trend      Bullish    Bullish    Bullish    Bullish 
1 Month Trend     Bullish    Bullish    Bullish    Bullish 
3rd Resistance    13730.0    7735.0     5630.0     3719.0 
2nd Resistance    13690.0    7710.0     5614.0     3708.0 
1st Resistance    13600.0    7700.0     5600.0     3689.0 
Pivot*            13455.2    7681.0     5535.3     3653.0 
1st Support       13345.0    7648.0     5518.5     3645.0 
2nd Support       13250.0    7629.0     5501.0     3628.0 
3rd Support       13195.0    7613.0     5470.0     3620.0 
 

Intraday DAX: even though a continuation of the consolidation cannot be ruled out, its extent should be limited. Suggest long positions above 13345.00 with targets at 13486.00 & 13525.00 in extension. below 13345.00 look for further downside with 13250.00 & 13195.00 as targets.

1 month trend: Bullish

Intraday FTSE 100: the RSI calls for a new upleg. Suggest long positions above 7648.00 with targets at 7700.00 & 7710.00 in extension. below 7648.00 look for further downside with 7629.00 & 7613.00 as targets.

1 month trend: Bullish

Intraday CAC 40: the index currently faces a challenging resistance area at 5536.50. Suggest short positions below 5536.50 with targets at 5503.00 & 5473.00 in extension. above 5536.50 look for further upside with 5560.00 & 5582.00 as targets.

1 month trend: Bullish

Intraday E-STOXX: even though a continuation of the consolidation cannot be ruled out, its extent should be limited. Suggest long positions above 3605.00 with targets at 3654.00 & 3669.00 in extension. below 3605.00 look for further downside with 3591.00 & 3576.00 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

January 23, 2018 02:44 ET (07:44 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.
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