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(H3) Bearish Weekly Close

EUROSTOXX50 TECHS
  • RES 4: 4409.50 High Nov 18 2021
  • RES 3: 4335.50 High Jan 6 2022 (cont)
  • RES 2: 4324.50 High Jan 13 2022 (cont)
  • RES 1: 4315.00 High Feb 16
  • PRICE: 4211.00 @ 07:41 GMT Feb 27
  • SUP 1: 4097.00 Low Jan 19 and a key support
  • SUP 2: 4062.40 Bull channel base drawn from the Oct 13 low
  • SUP 3: 3890.00 Low Jan 4
  • SUP 4: 3753.00 Low Dec 20 and the bear trigger

Eurostoxx 50 futures finished near the lows of the week, with the 4175 level the lowest print since early February. Last week, dip buyers emerged on Wednesday to contain any break lower, but the shallow bounce off the Friday lows suggests a lower range to begin the week. Key support remains at 4097.00, the Jan 19 low. Major resistance holds at 4303.20, the 2.382 proj of the Sep 29 - Oct 4 rise from Dec 20 low.

MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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