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Cash Estoxx makes a new 23yr high

EQUITIES
  • Estoxx futures (VGH4) gaining further ground, cash {SX5E Index} has now also broken the 4700.00 hurdle, a fresh 23yr high for the index.
  • Further out for SX5E would see next resistance at 4751.78 0618 projection of the Oct 23 - Dec 14 - Jan 17 price swing.
  • Further out, would see the February 2001 high at 4798.94, followed by 4812.49 (January high).

Chart source: MNI/Bloomberg

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