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OUTLOOK: Price Signal Summary - EUROSTOXX50 Futures Continue To Appreciate

OUTLOOK
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  • In the equity space, S&P E-Minis remains firm and the contract has traded higher this week. Gains undermine a recent bearish theme. The contract has traded through the 50-day EMA and note that resistance at 6107.50, the Dec 26 high, has been breached. The clear break strengthens a bullish theme and opens 6178.75, the Dec 6 high and a key resistance. Initial firm support to watch is 5961.75, the Jan 16 low.
  • A bull cycle in the EUROSTOXX 50 futures contract remains intact and the contract is trading higher again, today. Recent gains have resulted in a breach of 5054.00, the Jan 8 high, to confirm a resumption of the uptrend. Sights are on 5298.50, the 1.500 projection of the Nov 21 - Dec 9 - 20 price swing.Initial firm support lies at 5071.06, the 20-day EMA.
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  • In the equity space, S&P E-Minis remains firm and the contract has traded higher this week. Gains undermine a recent bearish theme. The contract has traded through the 50-day EMA and note that resistance at 6107.50, the Dec 26 high, has been breached. The clear break strengthens a bullish theme and opens 6178.75, the Dec 6 high and a key resistance. Initial firm support to watch is 5961.75, the Jan 16 low.
  • A bull cycle in the EUROSTOXX 50 futures contract remains intact and the contract is trading higher again, today. Recent gains have resulted in a breach of 5054.00, the Jan 8 high, to confirm a resumption of the uptrend. Sights are on 5298.50, the 1.500 projection of the Nov 21 - Dec 9 - 20 price swing.Initial firm support lies at 5071.06, the 20-day EMA.