CZECHIA: December Prelim CPI Slower-than-Expected

Jan-07 08:02

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Czech CPI (Dec P) M/M -0.3% vs. Exp. -0.1% (Prev. -0.3%), Y/Y +2.1% vs. Exp. +2.3% (Prev. +2.1%) * ...

Historical bullets

GILTS: Opening Calls

Dec-08 07:57

Gilt Opening Calls, 91.11/91.23.

EQUITIES: EU Cash Opening Calls

Dec-08 07:56

Estox 50: -0.01%, Dax: +0.07%, CAC: -0.11%, FTSE +0.04%, SMI +0.22%.

EQUITY TECHS: E-MINI S&P: (Z5) Bullish Cycle Intact

Dec-08 07:54
  • RES 4: 7000.00 Psychological round number
  • RES 3: 6953.75 High Oct 30 and bull trigger
  • RES 2: 6918.50 High Oct 31
  • RES 1: 6905.00 High Dec 5    
  • PRICE: 6893.23 @ 07:44 GMT Dec 8
  • SUP 1: 6797.09 20-day EMA  
  • SUP 2: 6749.07 50-day EMA 
  • SUP 3: 6674.50 Low Nov 25 
  • SUP 4: 6525.00 Low Nov 21 and a key support

A bullish theme in S&P E-Minis is intact. Price remains above the 20- and 50- day EMAs. Note that recent gains signal the likely end of the corrective cycle between Oct 30 and Nov 21. A continuation higher would highlight potential for a move towards the key resistance and bull trigger at 6953.75, the Oct 30 high. Key support lies at 6525.00, the Nov 21 low. First support is at 6797.09, the 20-day EMA.