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(M3) Heading North


RES 4: 4324.50 High Jan 13 2022 (cont)

  • RES 3: 4300.00 Round number resistance
  • RES 2: 4268.00 High Mar 6 and key resistance
  • RES 1: 4243.00 Intraday high
  • PRICE: 41233.00 @ 06:20 BST Mar 31
  • SUP 1: 4175.00/4107.50 Low Mar 30 / 50-day EMA
  • SUP 2: 4034.00 Low Mar 24 and a key near-term support
  • SUP 3: 4000.00 Round number support
  • SUP 4: 3914.00 Low Mar 20

Eurostoxx 50 futures traded higher Thursday. The contract has cleared resistance at 4164.00, the Mar 22 high. This cancels a recent bearish threat and confirms a resumption of the bull cycle that started Mar 20. A continuation higher would open key resistance at 4268.00, the Mar 6 high. Moving average studies are in a bull-mode set-up and this suggests the broader uptrend is intact. Initial firm support lies at 4034.00, the Mar 24 low.

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