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(Z2) Bullish Extension

EUROSTOXX50 TECHS
  • RES 4: 3810.00 High Aug 17 and key pivot point
  • RES 3: 3753.00 High Aug 19
  • RES 2: 3692.00 High Aug 26
  • RES 1: 3678.00/79.00 High Sep 13 and key resistance / Intraday high
  • PRICE: 3670.00 @ 05:45 GMT Nov 2
  • SUP 1: 3555.00/3504.00 Low Oct 28 / 50-day EMA
  • SUP 2: 3418.00 Low Oct 21
  • SUP 3: 3352.00 Low Oct 14
  • SUP 4: 3251.00/3236.00 Low Oct 13 / 3 and a key support zone

A bullish EUROSTOXX 50 futures theme remains intact and the contract is trading at this week’s highs. Resistance at 3678.00, the Sep 13 high has been pierced. A clear break of this level would strengthen bullish conditions and pave the way for gains above the 3700.00 level. The next key resistance is at 3810.00, the Aug 17 high. Firm support is seen at the 50-day EMA. The average intersects at 3504.00.

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