Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks

$DIA, $DAX, $DJSH, $N300, $NSEI

Commentary: Am cautious Nifty,  as it is trading below important resistance. DJIA, Nikkei and DAX continue to look Bullish. Shanghai may be in the initial phase of a correction. PE

DJIA at 22370.80, +0.18% is in an uptrend and see a test of 22500-22600 in the coming sessions.

DAX 12561.79, +0.02% paused Monday, but looks Bullish near term targeting 12650-12680 now.

Nikkei at 20298.80, -0.00% heading to 20500 in the coming sessions, medium term 21000 is Key resistance, and could push the index back towards 20100 or lower long run.

Shanghai at 3353.82, -0.09% trades flat and is stable below 3370. There is a chance that the index would come off towards 3325 or lower now.

Nifty at 10147.55, -0.05% is moving up cracking and breaking resistances on the path to 10200-10300 soon. Note: 10200 is minor resistance on the 3-day line charts. Be cautious for any signs of a corrective dip in here.

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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