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(M3) Pierces Key Resistance

  • RES 4: 4381.50 High Jan 5
  • RES 3: 4324.50 High Jan 13 2022 (cont)
  • RES 2: 4300.00 Round number resistance
  • RES 1: 4270.00 High Mar 31
  • PRICE: 4254.00 @ 06:35 BST Apr 3
  • SUP 1: 4221.00 Low Mar 31
  • SUP 2: 4146.30 20-day EMA
  • SUP 3: 4083.00 Low Mar 27
  • SUP 4: 4034.00 Low Mar 24

Eurostoxx 50 futures traded higher last week and the contract is holding on to its latest gains. The contract has pierced resistance at 4268.00, the Mar 6 high and a key resistance. A clear break of this hurdle would strengthen bullish conditions and open 4300.00 next. Moving average studies are in a bull-mode set-up and this highlights a broader uptrend. Initial firm support lies at 4146.30, the 20-day EMA.

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