Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks

$DIA, $DAX, $DJSH, $N300, $NSEI

Commentary: Nothing New. PE

DJIA at 22359.23, -0.24% saw its 1st dip in the last 9-sessions, this could be limited to 22200 from where the index can resume its uptrend.

DAX at 12600.03, +0.25% is set to move higher and could move up to 12800 near term. Thereafter a sharp dip is possible.

Nikkei at 20298.87, -0.24% came off from 20500, and could come down to test 20100 in here. The USD/JPY has minor resistance above these marks, and could indicate a coming fall in Nikkei, and USD/JPY near term.

Shanghai at 3345.88, -0.36% may head to 3320 a medium term support which if it holds will drive the price higher. Near term looks Bearish for Shanghai given the weakness in Copper at 2.91, which could head to 2.85 soon.

Nifty at 10121.90, -0.19% made an intra-day low to 10058 Thursday bounced to close higher. The resistance on the 3-day Line seems to be working well, and while that holds, the index could come down towards 10000 or lower near term.

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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