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(Z2) Clears Trendline Resistance

  • RES 4: 3678.00 High Sep 13 and a key resistance
  • RES 3: 3585.00 High Sep 14
  • RES 2: 3533.00 High Sep 20
  • RES 1: 3527.00 Intraday high
  • PRICE: 3499.00 @ 05:38 BST Oct 24
  • SUP 1: 3418.00 Low Oct 21
  • SUP 2: 3352.00 Low Oct 14
  • SUP 3: 3251.00/3236.00 Low Oct 13 / 3 and a key support zone
  • SUP 4: 3305.00 Low Oct 11

EUROSTOXX 50 futures maintain a firmer tone following the recent recovery from 3251.00, Oct 13 low. The move higher has resulted in a break of the 50-day EMA and resistance at 3492.00, the Oct 6 high and a bull trigger. Price has also breached trendline resistance drawn from the Aug 17 high. The trendline intersects at 3476.50 and the break strengthens bullish conditions. Initial firm support is at 3418.00, the Oct 14 low.

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