Eurostoxx Futures Trading at Recent Highs, Targeting 4381.50 - Jan 5 2022 High

Eurostoxx 50 futures remain in an uptrend and price is trading at its recent highs. The continued appreciation strengthens the bullish significance of the recent break of 4268.00, the Mar 6 high and a former key resistance. Sights are on 4381.50, the Jan 5 2022 high. Moving average studies are in a bull-mode set-up, highlighting a broader uptrend. Initial firm support lies at 4221.13, the 20-day EMA. The current trend condition in S&P E-minis remains bullish. Price has recently breached 4119.50, Mar 6 high, reinforcing a positive theme. The move higher also resulted in a break of 4148.48, 76.4% of the Feb 2 - Mar 13 downleg. This signals scope for an extension to 4205.50, the Feb 16 high ahead of 4244.00, the Feb 2 high and a key medium-term resistance. Firm support lies at 4065.03, the 50-day EMA.

• Japan's NIKKEI closed higher by 21.31 pts or +0.07% at 28514.78 and the TOPIX ended 8.25 pts higher or +0.41% at 2026.97.
• Elsewhere, in China the SHANGHAI closed higher by 47.457 pts or +1.42% at 3385.61 and the HANG SENG ended 343.64 pts higher or +1.68% at 20782.45.
• Across Europe, Germany's DAX trades higher by 40.8 pts or +0.26% at 15846.09, FTSE 100 higher by 42.33 pts or +0.54% at 7913.92, CAC 40 up 15.05 pts or +0.2% at 7536.18 and Euro Stoxx 50 down 4.54 pts or -0.1% at 4387.31.
• Dow Jones mini up 31 pts or +0.09% at 34067, S&P 500 mini up 6.5 pts or +0.16% at 4170, NASDAQ mini up 17.75 pts or +0.13% at 13199.5.