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(Z1) Fresh Trend High

EUROSTOXX50 TECHS
  • RES 4: 4498.00 High Dec 27, 2007 (cont)
  • RES 3: 4448.00 High Jan 2, 2008 (cont)
  • RES 2: 4400.00 Round number resistance
  • RES 1: 4373.00 Intraday high
  • PRICE: 4362.00 @ 06:11 GMT Nov 15
  • SUP 1: 4268.40/4223.50 20-day EMA High Sep 6
  • SUP 2: 4193.30 50-day EMA
  • SUP 3: 4119.00 Low Oct 18
  • SUP 4: 4004.00 / 3949.50 Low Oct 12 / Low Oct 6 and bear trigger

EUROSTOXX 50 futures uptrend remains intact and the contract has registered a fresh trend high today of 4373.00, reinforcing bullish conditions. The recent breach of 4223.00, Sep 6 high and a former bull trigger highlighted an important technical break. It confirmed a resumption of the uptrend and attention is on the 4400.00 handle. The 50-day EMA, at 4193.30, remains a key support. A break would signal a potential top.

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