Free Trial
EQUITY TECHS

E-MINI S&P (H3): Uptrend Remains Intact

EURJPY TECHS

Bull Flag?

EUROZONE ISSUANCE

EGB Supply - W/C January 30, 2023

EUROZONE T-BILL ISSUANCE

W/C Jan 30, 2022

USDJPY TECHS

Trend Structure Remains Bearish

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

Eurostoxx Futures Target Key 3678.00 Resistance Level

EQUITIES

A bullish EUROSTOXX 50 futures theme remains intact and the contract is trading at this week’s highs. Resistance at 3678.00, the Sep 13 high has been pierced. A clear break of this level would strengthen bullish conditions and pave the way for gains above the 3700.00 level. The next key resistance is at 3810.00, the Aug 17 high. Firm support is seen at the 50-day EMA. The S&P E-Minis trend condition remains bullish and last Friday’s resumption of the short-term uptrend has reinforced current conditions. Last week’s extension higher resulted in a break of 3820.00, Oct 5 high. Furthermore, price is again above the 50-day EMA, at 3836.32. Sights are on 3981.25, the Sep 14 high. Key short-term support has been defined at 3641.50, the Oct 21 low. Initial firm support to watch is at 3757.50, the Oct 27 low.


Keep reading...Show less
256 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.

A bullish EUROSTOXX 50 futures theme remains intact and the contract is trading at this week’s highs. Resistance at 3678.00, the Sep 13 high has been pierced. A clear break of this level would strengthen bullish conditions and pave the way for gains above the 3700.00 level. The next key resistance is at 3810.00, the Aug 17 high. Firm support is seen at the 50-day EMA. The S&P E-Minis trend condition remains bullish and last Friday’s resumption of the short-term uptrend has reinforced current conditions. Last week’s extension higher resulted in a break of 3820.00, Oct 5 high. Furthermore, price is again above the 50-day EMA, at 3836.32. Sights are on 3981.25, the Sep 14 high. Key short-term support has been defined at 3641.50, the Oct 21 low. Initial firm support to watch is at 3757.50, the Oct 27 low.


Keep reading...Show less