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(Z2) Northbound

EUROSTOXX50 TECHS
  • RES 4: 3810.00 High Aug 17
  • RES 3: 3692.00 High Aug 26
  • RES 2: 3678.00 High Sep 13 and a key resistance
  • RES 1: 3643.00 High Oct 28
  • PRICE: 3625.00 @ 05:47 BST Oct 31
  • SUP 1: 3493.20 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

EUROSTOXX 50 futures maintain a firmer tone. The contract is holding on to its recent gains following the recent breach of trendline resistance drawn from the Aug 17 high and the break of the 50-day EMA. Scope is seen for an extension higher near-term and sights are on 3678.00, the Sep 13 high and a key short-term resistance. Firm support is seen at the 50-day EMA. The average intersects at 3493.20.

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