Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks

$DIA, $DAX, $DJSH, $N300, $NSEI, $BSESN

Commentary: Global stock indices see more Northside in the coming sessions after trading lower to sideways. PE

DJIA at 24360.14, -0.50% and DAX at 12442.40, +0.22%) saw highs above 1st resistances on daily candles Friday. A clear break of those resistances could lead to 25000 and 12800-12900 respectively. But, if DJIA & DAX come off again there, they could target 23250 and 12167 over the next 1-2 weeks.

Nikkei at 21829.77, +0.23% broke resistance on daily, and could move to 22300 before coming off from there.

Shanghai at 3134, -0.79% may test support at 3125-3075 this week, then it could bounce.

Nifty at 10480.60, +0.21% saw a high of 10520 Friday before closing lower at 10480. It could continue to stay below 1st resistance at 10550 this week.

Sensex at 34192.65, +0.27% could see support at 34100, if turned back from the near term resistance here could fall to 34000-33750 this week.

Have a terrific week.

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Paul Ebeling

Paul A. Ebeling, polymath, excels in diverse fields of knowledge. Pattern Recognition Analyst in Equities, Commodities and Foreign Exchange and author of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly regarded, weekly financial market letter, he is also a philosopher, issuing insights on a wide range of subjects to a following of over 250,000 cohorts. An international audience of opinion makers, business leaders, and global organizations recognizes Ebeling as an expert.

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