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(Z2) Northbound

EUROSTOXX50 TECHS
  • RES 4: 4000.00 Psychological round number
  • RES 3: 3961.20 61.8/% of the Nov ‘21 - Mar ‘22 bear leg (cont)
  • RES 2: 3944.00 High Mar 29 and a key resistance (cont)
  • RES 1: 3895.00 High Nov 11
  • PRICE: 3880.00 @ 05:47 GMT Nov 14
  • SUP 1: 3810.00/3697.00 High Aug 7 / Low Nov 10
  • SUP 2: 3641.40 20-day EMA
  • SUP 3: 3566.20 50-day EMA
  • SUP 4: 3418.00 Low Oct 21

A bullish EUROSTOXX 50 futures outlook remains intact following last week’s strong gains. The contract has cleared resistance at 3810.00, the Aug 17 high and an important bull trigger. Moving average studies are in a bull mode set-up and this highlights the current market sentiment. The focus is on a climb towards 3944.00, the Mar 29 high on the continuation chart. The initial firm support lies at Thursday's 3697.00 low.

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