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EuroStoxx50 Technical Analysis

Stoxx50 managed fresh 8 month lows as it approached the 2014 low Monday only to

Following on from Thursday’s close above the 21-DMA gold has since found support on dips at the 21-DMA

With the 2013 lows now taken out bears shift their attention to the 2012 low at $77.28.

Losses continued to end the week for Stoxx50 with the index falling just short of the Mar & Aug monthly lows and

While the 21-DMA supports immediate focus remains on the $1242.7-1245.1 region

With the 2013 lows now taken out bears shift their attention to the 2012 low at $77.28.

The Stoxx50 oscillated around the Bollinger band base Thursday (3054.0) on its way to

The correction from the recent dip towards 2013 low has continued Wednesday with

Fresh 2014 lows Wednesday reconfirm bearish pressure with immediate focus now having shifted to

Losses continued for Stoxx50 Wednesday with the index working its way towards the Aug monthly low.

The bounce from just short of the 2013 low provides bulls with a little relief but it’s the $1219.5-1223.3 region

The contract has again retreated from ahead of the 21-DMA with pressure having returned to