Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks

$DIA, $DAX, $DJSH, $N300, $NSEI

Commentary: Looks like traders are for the most part factoring in that President Trump will in the trade negotiations. PE

DJIA at 24580.89, +0.49% seeing good support at 24250 but overall there could be chances of a fall towards 24000 medium term. Near to medium term looks Bearish towards 24000 with some choppy corrective Northside moves.

DAX at 12579.72, +0.54% is still ranged within the 12400-12700. With that the case seeing ranged/stable movement in here.

Nikkei at 22409.10, -0.48% has support at 22000, and the resistance near 22800 is important. While Nikkei trades below 22800, medium term looks Bearish for a test to 21500 this week.

Shanghai at 2884.76, -0.17% may trade sideways within 2800-2950 now. But a rise to 2950 is possible then a fall to 2800 or lower ahead.

Sensex at 35689.60, +0.73%, and Nifty at 10821.85, +0.75 are trading within ranges of 35250-35750 and 10650-10850 respectively. This could continue in here, before they break on either side of the ranges. Till then direction is unclear. So, we wait, we see.

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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