Contracts didn't extend their pause on Friday and bypassed some immediate resistances in overnight trading. A wider rebound appears therefore possible here.
ESTOXX M4 (ref. 5072): The contract extended its rebound overnight and bypassed the 5040 threshold, opening the way for further rebound with 5092 as the next resistance to look for. Immediate support now lies @ 5057.
Supports: 5057 - 5047 - 5030 - 5003
Resistances: 5092 - 5110 - 5120 - 5150
S&P M4 (ref. 5333.25): After approaching the 5303.5 support on Friday, the contract bounced in late trading. It bypassed this morning the 5330 resistance we highlighted on Friday, opening the way for a re-test of 5350.
Supports: 5323 - 5303.5 - 5286 - 5277
Resistances: 5350 - 5375 - 5400 - 5415
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About the Author: Letheuil Fabien
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