May 10, 2024 07:28 GMT
(M4) Gains Expose The Bull Trigger
EUROSTOXX50 TECHS
Fixed Income Technical AnalysisForeign Exchange Technical AnalysisHomepagemarkets-real-timeEquitiesAT&T Market NewsBank of America Market NewsBulletMarketsFixed Income BulletsForeign Exchange Bullets
- RES 4: 5127.70 1.382 proj of the Jan 17 - Feb 12 - 13 price swing
- RES 3: 5079.00 High Apr 2 and the bull trigger
- RES 2: 5073.00 High May 10
- RES 1: 5066.20 2.0% 10-dma envelope
- PRICE: 5065.00 @ 08:22 BST May 10
- SUP 1: 4890.80/4862.00 50-day EMA / Low Apr 25
- SUP 2: 4762.00 Low Apr 19 and the bear trigger
- SUP 3: 4711.00 Low Feb 19
- SUP 4: 4700.00 Round number support
Eurostoxx 50 futures build on the recent firm tone and the contract has traded higher again early Friday. Recent gains have resulted in a breach of the 20-day EMA, and resistance at 4990.00, Apr 15 high, highlighting a stronger reversal. Wednesday’s break of 5006.00, the Apr 4 high, reinforces the current bullish condition. Sights are on the bull trigger at 5079.00, Apr 2 high. Key support is 4762.00, the Apr 19 low. Initial support to watch is 4890.80, the 50-day EMA.
153 words