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(Z3) Correction Still In Play

EUROSTOXX50 TECHS
  • RES 4: 4359.00 High Sep 15 and key resistance
  • RES 3: 4300.00 Round number resistance
  • RES 2: 4256.00 High Oct 12 and a key resistance
  • RES 1: 4210.00 High Nov 3
  • PRICE: 4153.00 @ 05:55 GMT Nov 8
  • SUP 1: 4133.10/4001.00 20-day EMA / Low Oct 27 and bear trigger
  • SUP 2: 3979.00 1.00 proj of the Sep 15 - Oct 4 - Oct 12 price swing
  • SUP 3: 3914.00 Low Mar 20 (cont)
  • SUP 4: 3873.20 1.382 proj of the Sep 15 - Oct 4 - Oct 12 price swing

Eurostoxx 50 futures traded higher last week as the correction from recent lows extends. Price has traded through resistance at both the 20- and 50-day EMAs. The broader trend condition is bearish, however, a clear break of the 50-day average, at 4183.40, would signal scope for a stronger bull cycle and open 4256.00, the Oct 12 high. On the downside, key support and the bear trigger lies at 4001.0, the Oct 27 low.

Fixed Income Technical AnalysisForeign Exchange Technical AnalysisHomepagemarkets-real-timeEquitiesBulletMarketsFixed Income BulletsForeign Exchange Bullets
Fixed Income Technical AnalysisForeign Exchange Technical AnalysisHomepagemarkets-real-timeEquitiesBulletMarketsFixed Income BulletsForeign Exchange Bullets

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