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E-minis Break 50-Day EMA

EQUITIES

Pressure on US Equity futures has seen e-minis deal below the 50-Day EMA before paring losses to sit ~0.4% lower.


  • Support is now seen at 4061, 38.2% retracement of Mar 13 - Apr 18 bull leg.
Fig 1: ES1 Spot, EMAs

Source: MNI/Bloomberg

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