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(U3) Bull Cycle Extends

EUROSTOXX50 TECHS
  • RES 4: 4546.00 1.00 proj of the Jul 7 - 13 - 26 price swing
  • RES 3: 4539.20 1.382 proj of the May 31 - Jul 3 - 7 price swing (cont)
  • RES 2: 4515.00 High Nov / Dec 2007 (cont)
  • RES 1: 4505.50 1.236 proj of the May 31 - Jul 3 - 7 price swing (cont)
  • PRICE: 4503.00 @ 10:02 BST Jul 31
  • SUP 1: 4396.50 20-day EMA
  • SUP 2: 4363.90/4331.00 50-day EMA / Low Jul 26 and key support
  • SUP 3: 4282.00 Low Jul 11
  • SUP 4: 4220.00 Low Jul 7 and a reversal trigger

Eurostoxx 50 futures have continued to climb and price has pierced the 4500.00 handle. This reinforces bullish conditions and confirms a resumption of the underlying uptrend. Last week’s break marked the end of a broad sideways move that started May 19. Attention is on 4515.50 next, the Nov / Dec 2007 high (cont). Key short-term support has been defined at 4331.00, the Jul 26 low. A break of this level would be a bearish development.

Fixed Income Technical AnalysisForeign Exchange Technical AnalysisHomepagemarkets-real-timeEquitiesBulletMarketsFixed Income BulletsForeign Exchange Bullets
Fixed Income Technical AnalysisForeign Exchange Technical AnalysisHomepagemarkets-real-timeEquitiesBulletMarketsFixed Income BulletsForeign Exchange Bullets

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