GLOBAL MARKET - EUROPEAN MARKET NEWS
Due to strong Indian market European markets expected to be open positively.
England's FTSE, France's CAC, Germany's DAX get raise by 0.6 - 0.8%.
European markets are still in a negative momentum, below their 50-day and
200-day moving averages. The risk is to see the indexes hitting their December
lows, about 2 to 5 percent lower depending on the indexes.
With the weak risk-reward ratios, it's better to stay neutral and sell into
any rebounds towards the resistance levels," said the chartist, who sees the
Euro STOXX 50's next resistance levels at 2,265 points and 2,320 points
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