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(Z2) Fresh Cycle High

EQUITY TECHS
  • RES 4: 4250.00 High Feb 2 (cont)
  • RES 3: 4230.50 High Feb 10 (cont)
  • RES 2: 4132.60 76.4/% of the Nov ‘21 - Mar ‘22 bear leg (cont)
  • RES 1: 4049.50 High Feb 23 (cont)
  • PRICE: 4016.00 @ 05:36 GMT Dec 1
  • SUP 1: 3921.00/3840.00 Low Nov 29 / 17
  • SUP 2: 3810.00/3697.00 High Aug 17 / Low Nov 10
  • SUP 3: 3713.10 50-day EMA
  • SUP 4: 3562.00 Low Nov 3

EUROSTOXX 50 futures trend conditions remain bullish and the contract has traded to a fresh cycle high. This maintains the uptrend that started in early October and confirms an extension of the price sequence of higher highs and higher lows. The recent break of 3810.00, Aug 17 high, also strengthens the case for bulls. The 4000.00 handle has been pierced, this opens 4049.50 next, the Feb 23 high (cont). Initial firm support is at 3840, the Nov 17 low.

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