Technical Analysis: MSCI World Index: The bullish dynamic resumes


Technical Commentary : The MSCI World  index  is  composed of 1910  stocks  listed  in 23  countries around  the world,  selected  to  represent 85% of  the global market  capitalization while  reflecting  the  economic  diversity  of  the market.…….

Day By Day – Indipendent Research

This  index  evolves  in  a  bullish  trend, which resumed thanks  to a reverse head-and-shoulders pattern triggered in July 2012. The orientation of the 100-day moving average also confirms the direction of the trend. Despite the recent consolidation phase, the dynamic is still valid and should unfold during the coming months. We are bullish over the medium term.


Anticipation :   

In the shorter term, the consolidation brought prices back  to the 1294 points support, former resistance corresponding to august 2012 highs. The reaction on this level is bullish. This polarity confirms, once again, the direction of the trend, and a new test of the 1351 points resistance can thus be anticipated in the near future. The trend is clearly bullish in the short term.

We set the invalidation threshold of this scenario slightly below the 1294 points support. Its breach would indicate the continuation of the corrective move towards the 1269 points major support.


Close price 1305,77

2 months Opinion BULLISH
2 weeks Opinion POSITIVE

Resistances 1351 / 1373 pts
Supports 1294 / 1269 pts

Follow-up Analysys: On  October  29th,  we  recommended  the purchase of  the Stoxx Europe 600 Personal & Household Goods Net Return index. Since then,  prices  resumed  their  bullish  dynamic and  are  now  approaching  our  target,  at 500.60 points.


This publication is solely intended as information and does not constitute any investment advice or an offer, solicitation or recommendation to acquire or dispose of any investment or to engage in any transaction. Althoughthis publicationis issued in good faith, no representation or warranty, express or implied, is or willbe made and no responsibility or liability is or willbe accepted by NYSE Euronext or by any of its officers, employees or agents in relation to the accuracy or completeness of this publicationand any such liability is expressly disclaimed.No information set out or referred to in this publicationshall form the basis of any contract. The creation of rights and obligations in respect of financial products that are traded on the exchanges operated by NYSE Euronext’s subsidiaries shall depend solely on the applicable rules of the market operator. NYSE Euronext encourages you to reach your own opinion as to whether investments are appropriate or relevant and recommends you not to make any decisions on the basis of the information contained in this publication before checking it, as you will bear full responsibility for any use that you make of it. Persons wishingto trade products available on NYSE Euronextmarkets or wishingto offer such products to third parties are advised, before doing so, to check their legal and regulatory position in the relevant territory and to understand the related risks. All proprietary rights and interest in or connected with this publicationare vested in NYSE Euronext.No part of it may be redistributed or reproduced in any form or by any means or used to make any derivative work (such as translation, transformation, or adaptation) without the prior written permission of NYSE Euronext. NYSE Euronext refers to NYSE Euronext and its affiliates and references to NYSE Euronext in this publication include each and any such company as the context dictates. NYSE EuronextSM, Euronext®, trackers®, are registered marks of NYSE Euronext.

Source: ETFWorld – Day By Day – Indipendent Research



Artículos similares

Technical Analysis: Stoxx Europe 600 Real Estate index : Clearing of the 2011 highs


Technical Analysis: Stoxx Europe 600 Insurance index: bullish breakout of the triangle


Technical Analysis: MSCI EM Asia index: towards March 2012 highs