Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks


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

DJIA at 24189.45, -0.90% is trading below 24500 as expected and continues ranged for now with support at 23500. No major movement expected at least in the next 2-3 sessions.

DAX at 12293.97, -0.83% test to 12300 and closed lower Wednesday. While 1st resistance at 12500 holds, DAX could come off to 12100-12000.

Nikkei at 21670.84, -0.07% look unable to move above 21800 in here, and instead turned down Wednesday. It is important to see if resistance at 21800 holds in here if it does then see it down to 21400-21200 and then an attempt a test to 21800 and higher.

Shanghai at 3200.12, -0.25% came down from above 3200 and is stable around 3200. A test of 3250 on the Northside looks likely in here.

Nifty at 10417.15, +0.14% fell sharply from just below 10450. This could hold for the next few sessions bringing a dip to 10300.

Sensex at 33940.44, +0.18% could come off to 33500 in here. Near term to see a fall in the Indian index’s stock prices.

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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