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European Equities -- Technical Analysis

1 Jun 2018 6:39 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    12612.0    7670.0     5378.0     3407.0 
1 Week Trend      Range      Range      Range      Range 
1 Month Trend     Bearish    Bearish    Bearish    Bearish 
3rd Resistance    13040.0    7785.0     5535.0     3500.0 
2nd Resistance    12970.0    7754.0     5505.0     3477.0 
1st Resistance    12860.0    7729.0     5451.0     3456.0 
Pivot*            12652.7    7681.2     5390.7     3413.3 
1st Support       12530.0    7626.0     5345.0     3379.0 
2nd Support       12330.0    7575.0     5280.0     3345.0 
3rd Support       12100.0    7530.0     5230.0     3310.0 
 

Intraday DAX: as long as the resistance at 12860.00 is not surpassed, the risk of the break below 12530.00 remains high. Suggest short positions below 12860.00 with targets at 12530.00 & 12330.00 in extension. above 12860.00 look for further upside with 12970.00 & 13040.00 as targets.

1 month trend: Bearish

Intraday FTSE 100: the RSI is mixed to bullish. Suggest long positions above 7626.00 with targets at 7729.00 & 7754.00 in extension. below 7626.00 look for further downside with 7575.00 & 7530.00 as targets.

1 month trend: Bearish

Intraday CAC 40: the RSI is around its neutrality area at 50% Suggest short positions below 5451.00 with targets at 5345.00 & 5280.00 in extension. above 5451.00 look for further upside with 5505.00 & 5535.00 as targets.

1 month trend: Bearish

Intraday E-STOXX: as long as the resistance at 3456.00 is not surpassed, the risk of the break below 3379.00 remains high. Resistances: 3456 (38.2% Fib Retr level + overlap), 3477 (50% Fib Retr level), 3500 (61.8% Fib Retr level). Supports: 3379 (swing low), 3345 (Fib projection), 3310 (Channel target) Suggest short positions below 3456.00 with targets at 3379.00 & 3345.00 in extension. above 3456.00 look for further upside with 3477.00 & 3500.00 as targets.

1 month trend: Bearish

* 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

June 01, 2018 02:39 ET (06:39 GMT)

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