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Historical bullets

MNI: CANADA DEC IVEY PURCHASING MANAGERS INDEX 54.7 SA

Jan-07 15:00
  • CANADA DEC IVEY PURCHASING MANAGERS INDEX 54.7 SA

MNI: US ISM DEC SERVICES COMPOSITE INDEX 54.1

Jan-07 15:00
  • MNI: US ISM DEC SERVICES COMPOSITE INDEX 54.1
  • US ISM DEC SERVICES BUSINESS INDEX 58.2
  • US ISM DEC SERVICES PRICES 64.4
  • US ISM DEC SERVICES EMPLOYMENT INDEX 51.4
  • US ISM DEC SERVICES NEW ORDERS 54.2

EUROSTOXX50 TECHS: (H5) Bull Cycle Extends

Jan-07 14:59
  • RES 4: 5097.00 High Oct 14
  • RES 3: 5080.00 High Oct 15      
  • RES 2: 5068.13 0.764 proj of the Nov 21 - Dec 9 - 20 price swing   
  • RES 1: 5050.00 Intraday high          
  • PRICE: 5039.00 @ 14:43 GMT Jan 7  
  • SUP 1: 4921.43 50-day EMA       
  • SUP 2: 4829.00 Low Dec 20 and key short-term support     
  • SUP 3: 4800.87 76.4% retracement of the Nov 21 - Dec 9 bull cycle 
  • SUP 4: 4775.00 Low Nov 29 

A bull cycle in the Eurostoxx 50 futures contract remains intact. Yesterday’s strong rally and today’s follow through, highlights a reversal of the recent corrective pullback. Resistance at 5040.00, the Dec 9 high, has been pierced. A clear break of this level would confirm a resumption of the bull cycle that started on Nov 21 last year and open 5068.13, a Fibonacci projection. On the downside, initial firm support lies at 4921.43, the 50-day EMA.

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