Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks

$DIA, $DAX, $DJSH, $N300, $NSEI

Commentary: Nothing New. PE

DJIA at 23377.24, +0.12% closed higher, and  remains stable in here, 23250-23200 could act as 1st and 2nd supports for the coming sessions, which could then drive DJIA up to 23500-23750.

DAX at 13229.57, +0.09% looks Bullish in here, and could head 13300-13500 near to medium term.

Nikkei at 22324.64, +1.42% gap opened, and is trading higher to test at 22666.  Near term looks Bullish to me.

Shanghai at 3398.17, +0.14% tested at 3410, but is trading at lower now. Overall the 3425-3360 area is likely to hold for now. No major movement expected outside that range.

Nifty at 10335.30, -0.27%, looking at the 3-day candles a short correction is expected near term heading to 10200-10000 before resuming the Northside move. In case, the it fails to see a correction and breaks above 10400, could see a test at 10500-10600, but that is the less preferred scenario while trading below 10400.

Stay tuned…

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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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