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Price Signal Summary - EUROSTOXX50 Futures Are Firmer And Approaching Key Resistance

OUTLOOK
  • In the equity space, S&P E-Minis maintains a bullish tone and the contract is trading at its recent highs. Friday’s resumption of the short-term uptrend reinforces current conditions. Price has traded above the 50-day EMA, at 3836.32. Sights are on 3981.25 next, the Sep 14 high. Key short-term support has been defined at 3641.50, the Oct 21 low. Initial firm support to watch is 3757.50, the Oct 27 low.
  • The short-term condition in EUROSTOXX 50 futures remains bullish and the contract is firmer today. A positive outlook follows the recent breach of trendline resistance drawn from the Aug 17 high and the break of the 50-day EMA. Sights are on 3678.00, the Sep 13 high and a key short-term resistance. Firm support is seen at the 50-day EMA, at 3498.10.

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