Trend Condition in E-Mini S&P Unchanged and Bullish

Eurostoxx 50 futures remain in an uptrend and the contract continues to trade closer to its recent highs. Recent gains have strengthened the bullish significance of the break of 4268.00, the Mar 6 high and a former key resistance. Sights are on 4381.50, the Jan 5 2022 high (cont). Moving average studies are in a bull-mode set-up, highlighting a broader uptrend. Initial firm support lies at 4230.20, the 20-day EMA. The current trend condition in S&P E-minis is unchanged and remains bullish. Price has recently breached resistance at 4119.50, the Mar 6 high, reinforcing a positive theme. The move higher has also resulted in a break of 4148.48, 76.4% of the Feb 2 - Mar 13 downleg. This signals scope for a climb to 4205.50, the Feb 16 high ahead of 4244.00, the Feb 2 high and a key medium-term resistance. Firm support lies at 4069.41, the 50-day EMA.

• Japan's NIKKEI closed higher by 144.05 pts or +0.51% at 28658.83 and the TOPIX ended 13.92 pts higher or +0.69% at 2040.89.
• Elsewhere, in China the SHANGHAI closed higher by 7.721 pts or +0.23% at 3393.331 and the HANG SENG ended 131.94 pts lower or -0.63% at 20650.51.
• Across Europe, Germany's DAX trades higher by 19.94 pts or +0.13% at 15810.03, FTSE 100 higher by 17.4 pts or +0.22% at 7897.19, CAC 40 up 23.21 pts or +0.31% at 7521.39 and Euro Stoxx 50 up 14.22 pts or +0.33% at 4381.83.
• Dow Jones mini up 11 pts or +0.03% at 34139, S&P 500 mini up 4.5 pts or +0.11% at 4181.25, NASDAQ mini up 38.25 pts or +0.29% at 13225.25.