Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks

$DIA, $DAX, $DJSH, $N300, $NSEI

Commentary: Nothing New. PE

DJIA at 21553.09, +0.10% is trading below Key resistance near 21600 and while that holds, a small dip back to levels near 21500-21400 is possible medium term. Only on a sustained rise above 21600, would we negate the immediate fall and shift our focus on higher levels. We wait and watch for confirmation.

DAX at 12641.33, +0.12% could move higher and face an initial rejection from near 12800 before pausing to refresh. Overall near to medium term looks Bullish. A rise towards 12800 is expected soon..

Shanghai at 3214.25,-0.12% is trading lower Friday but while trading above 3190, near term looks Bullish towards 3240-3250.

Nikkei at 20122.34, +0.11% is stable trading above 1st support near 20100. A rise from here is expected in here. The fall in USD/JPY in the last few sessions is keeping the Nikkei stable. In case the Nikkei bounces back, it could drive the currency pair with its to higher marks.

Nifty at 9891.70, +0.77% opened with a gap up Thursday to test 9900 faster than expected. The rally to 10000 could happen by the next week if the momentum continues.

Have a terrific weekend.

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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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