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Free Access(M1) Still Heading North
- RES 4: 4290.00 High Jan 14, 2008
- RES 3: 4265.00 High Jan 15, 2008
- RES 2: 4230.19 Bull channel top drawn off the Feb 26 low
- RES 1: 4175.00 Low Nov 26, 2007 (cont)
- PRICE: 4155.00 @ 05:45 BST Jun 15
- SUP 1: 4065.36/4016.00 20-day EMA / Low May 27
- SUP 2: 3981.78/70.06 50-day EMA / Channel base from Feb 26 low
- SUP 3: 3882.00 Low May 19
- SUP 4: 3844.00 Low May 13 and the bear trigger
EUROSTOXX 50 futures is trading higher once again as the contract extends gains and maintains a bullish price sequence of higher highs and higher lows. Furthermore, moving average studies also remain in bull mode, reinforcing current trend conditions. The focus is on 4175.00 next, Nov 26 2008 low. On the downside, firm trend support is unchanged at 3882.00, May 19 low. Initial support lies at 4065.36, the 20-day EMA.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.