Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks


Commentary: Nothing New. PE

DJIA at 24538.06, -0.29% has support in the 24000-23600, which is likely to test now. The support seen on the 3-Day candle is likely to hold medium term, pushing back DJIA to 25200. For now DJIA looks Bearish to 23600.

DAX at 11913.71, -2.27% is almost at the medium term horizontal support. While the support holds DAX may have move to 12400 and higher medium term, or a clear break below weekly support could indicate a fall to 11400 in here.

Nikkei at 21043.61, -0.65% is trading above Key support at 21000. If that produces a bounce, Nikkei may head to 22500, or it could come off to 20000.

Note: Keep an eye on the price action at 21000.

Shanghai at 3240.39, -0.43% is holding well below resistance at 3350. There is more resistance near 3270. While this holds, the near term outlook for the index is Bearish South to 3150-3100.

Nifty at 10458.35, -0.33% is likely to trade within 10560-10380, but there is room on the Northside if the medium term channel support at 10400-10380 holds and drives the index to 10800 or higher.

Sensex at 34046.94, -0.40% could bounce to 35000 near term.

Have a terrific week.

The following two tabs change content below.
HEFFX has become one of Asia’s leading financial services companies with interests in Publishing, Private Equity, Capital Markets, Mining, Retail, Transport and Agriculture that span every continent of the world. Our clearing partners have unprecedented experience in Equities, Options, Forex and Commodities brokering, banking, physical metals dealing, floor brokering and trading.