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EuroStoxx50 Technical Analysis

Bears continue to take comfort in recent failures ahead of the 3062.0 resistance level and

The pullback following last week’s spike above the 55-DMA continues with gold having dipped briefly below the 21-DMA Tuesday.

The $83.26-84.08 resistance region is now key with bulls needing a close above $83.26 to

The Stoxxt50 found support ahead of the 2971.9 level on Monday before confirming its

The pullback following last week’s spike above the 55-DMA continues with gold having dipped briefly below

The $83.26-85.56 resistance region remains key with bulls needing a close above $83.26 to

After having remained capped by the 21-DMA (3042.2) Stoxx50 managed a brief spike above to

Despite the first pop above the 55-DMA ($1248.0) since mid-August last week bulls remained concerned about

The $83.26-85.56 resistance region is key this week with bulls needing a close above $83.26 to

The recovery from the recent dip to 2014 lows dominated for the majority of last week with

The recovery from ahead of the $1180.2-1182.4 region resulted in the first pop above the 55-DMA ($1249.4)

The $84.08 resistance level remains key this week with bulls needing a close above to