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A new contract high for Estoxx

EQUITIES
  • Estoxx futures might be retracing from its session high, but it is another decent session for the contract, printed a new contract high going into the EGB cash open.
  • VGH4 has gained 116 points in the past 3 sessions and 385 points from the January low.
  • The immediate resistance noted at 4788.10 1.764 projection of the Nov 8 - 24 - 28 price swing, has so far held, printed a 4787.00 high, but most investors will be eyeing the 4800.00 Psychological level next.
  • Cash markets will be set to open higher, as a reference, SX5E printed a new 23yr high of 4749.27 Yesterday.
  • Plenty of Investors will also be keeping a close eye on the Stoxx600 (SXXP), and the all time record high at 495.46.

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