Other Markets

EuroStoxx50 Technical Analysis

Following moves that have seen Stoxx50 trading well below the Bollinger band base (3002.0) and

The lack of follow through on Friday’s spike above the 61.8% Fibo resistance and

Stoxx50 fell just short of the March monthly low Friday before bouncing back towards the Bollinger band base (3012.4).

Gains continued for Gold Thursday following the recent flirtations with the 200-DMA.

Bears remain firmly focused on the 2944.1-2971.5 region with the 2014 low at 2944.1 and

After the recent flirtations with the 200-DMA ($1284.3) and remaining capped at the 100-DMA,

Bears may be a little concerned about the lack of downside follow through combined with

Gold managed the first close below the 200-DMA last week since the sharp move higher mid-June with

Stoxx50 made minor fresh 5 month lows Tuesday as it consolidated at the lower end

Gold managed the first close below the 200-DMA last week since the sharp move higher mid-June with

Following Friday’s sharp fall Stoxx50 made minor fresh 5 month lows Monday as it continued to oscillate around the Bollinger band base.

Thursday’s close below the 200-DMA resulted in further sharp losses and