Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks

$DIA, $DAX, $DJSH, $N300, $NSEI

Commentary: Nothing new. PE

DJIA at 25064.50, -0.53% dipped Thursday as the 1st resistance at 25250 is holding. This move can extend to 24750 before resuming the move North.

DAX at 12686.29, -0.62% has 1st support 12650, while that holds, DAX could move to 13000 near to medium term.

Nikkei  at 22652.42, -0.49% is down too, but could move up from 22600 back to 23000. A clear break below 22600 indicates near term Bearishness targeting 22400 or lower.

Shanghai at 2774.62, +0.075% may test to 2750 before bouncing to 2800-2850 medium term. Overall range trade in the next few sessions looks likely.

Nifty at 10957.10, -0.21% is ranged within 11100-10900 in here. While trading above 10900, Northside to 11200 looks possible. Expect support at 10900 to hold for now.

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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