OSB Daily Technical Analysis for November 7, 2014

S&P 500 The S&P 500 rallied to a new all-time high on Thursday testing the 2030 area for resistance. The index remains a one way market with corrections and any selling likely to be faded by bulls. Bullish moment on the up-tick.

Dow 30 The DOW rallied through the key 17500 level and continues to make new highs. Bullish.

DAX 30 The DAX managed to break above the 200 DMA closing at the key resistance level of 9400. DAX sentiment is now bullish with resistance above at 9470-90. A close back below the 200 DMA extends to support at 9340. Bullish momentum on the rise.

FTSE 100 rallied through the 50 DMA at 6516 and tested resistance at the 6550. FTSE bullish momentum on the rise and the index is likely to test resistance at 6600 over the next several sessions. Support below at 6500.

Risk Disclaimer

Forex and CFDs are leverage products, involved a high level of risk and can result in the loss of all your invested capital. Forex and CFDs may not be suitable for all investors. You should not risk more than you are prepared to lose. Before deciding to trade, you should ensure that you understand the risks involved and take into account your level of experience.

All information on this website, including any opinion, charts, prices, news, data, Buy/Sell signals, research and analysis is our point of view and is provided as general market commentary and does not constitute any investment advice.

OneStopBrokers.com will not accept any responsibility or liability for losses incurred by customers, visitors or traders as a result of using the data available on OneStopBrokers.com. Read more

---