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EUROSTOXX50 TECHS: Price Signal Summary - EUROSTOXX 50 Futures Clear Resistance

EUROSTOXX50 TECHS
Fixed Income Technical AnalysisForeign Exchange Technical AnalysisEquitiesCEEMEABulletMarketsFixed Income BulletsForeign Exchange Bullets
  • On Friday, S&P E-Minis pierced key resistance and the bull trigger at 6053.25, the Nov 11 high. This confirms a resumption of the uptrend and the contract is holding on to its latest gains. Note that moving average studies remain in a bull-mode set-up, highlighting a dominant uptrend and positive market sentiment. Sights are on 6070.16, a 1.382 projection of the Sep 6 - 17 - 18 price swing. Initial support to watch lies at 5970.46, the 20-day EMA.
  • EUROSTOXX 50 futures traded higher yesterday and the contract has extended its gains again, today. The latest move higher undermines a recent bearish theme. Price has traded through the 50-day EMA, at 4860.94. The clear break of this average strengthens a bullish theme and signal scope for a stronger recovery. Sights are on 4961.00, the Nov 6 high and a key short-term resistance. Key support has been defined at 4699.00, the Nov 19 low.
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  • On Friday, S&P E-Minis pierced key resistance and the bull trigger at 6053.25, the Nov 11 high. This confirms a resumption of the uptrend and the contract is holding on to its latest gains. Note that moving average studies remain in a bull-mode set-up, highlighting a dominant uptrend and positive market sentiment. Sights are on 6070.16, a 1.382 projection of the Sep 6 - 17 - 18 price swing. Initial support to watch lies at 5970.46, the 20-day EMA.
  • EUROSTOXX 50 futures traded higher yesterday and the contract has extended its gains again, today. The latest move higher undermines a recent bearish theme. Price has traded through the 50-day EMA, at 4860.94. The clear break of this average strengthens a bullish theme and signal scope for a stronger recovery. Sights are on 4961.00, the Nov 6 high and a key short-term resistance. Key support has been defined at 4699.00, the Nov 19 low.