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EuroStoxx50 Technical Analysis

Time spent flirting with key DMAs and focusing on the falling daily trend line was brief.

Gold bulls are currently losing the battle with the long term falling trend line

Recent hesitation ahead of the 2998.5 level resulted in an aggressive bounce

Gold bulls are currently losing the battle with the long term

Wednesday’s move to fresh 2015 and 5+ year lows found support marginally ahead

Stoxx50 managed an inside day Wednesday after having found some support ahead

Tuesday’s rally saw gold trade marginally above the falling daily trend line from

With the psychological $50.00 level having fallen by the wayside the Bollinger band

Stoxx50 remains heavy as it continues to lose ground with

The lack of follow through on Friday’s dip below $1170.0 has now

G15 remains heavy with the fresh 2014 and 5+ year lows confirming immediate focus

Failures ahead of the key 3199.2 resistance and subsequent pressure on key