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(H4) Bull Theme Remains Intact

EUROSTOXX50 TECHS
  • RES 4: 5002.00 Bull channel top drawn from the Oct 27 low
  • RES 3: 4967.50 2.50 projection of the Nov 8 - 24 - 28 price swing
  • RES 2: 4939.30 2.382 projection of the Nov 8 - 24 - 28 price swing
  • RES 1: 4930.00High Mar 4
  • PRICE: 4899.00 @ 06:16 GMT Mar 6
  • SUP 1: 4816.80 20-day EMA
  • SUP 2: 4734.00 Low Feb 15
  • SUP 3: 4690.60 50-day EMA
  • SUP 4: 4636.20 Bull channel base drawn from the Oct 27 low

A bullish theme in Eurostoxx 50 futures remains intact and Monday’s fresh cycle high reinforces this theme. Moving average studies remain in a bull-mode position and this set-up highlights positive market sentiment. Sights are on 4939.30 next, a Fibonacci projection. Further out, scope is seen for a climb towards a bull channel top at 5008.70. The channel is drawn from the Oct 27 low. Initial firm support lies at 4816.80, the 20-day EMA.

Fixed Income Technical AnalysisForeign Exchange Technical AnalysisHomepagemarkets-real-timeEquitiesBulletMarketsFixed Income BulletsForeign Exchange Bullets
Fixed Income Technical AnalysisForeign Exchange Technical AnalysisHomepagemarkets-real-timeEquitiesBulletMarketsFixed Income BulletsForeign Exchange Bullets

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