EUROSTOXX50 TECHS: (Z5) Support Remains Intact

• Headline 3.79%Y/Y in August (MNI median 3.7%, BOE 3.79%, 3.83% in July)
• Core 3.59%Y/Y in August (MNI median 3.7%, BOE 3.62%, 3.76% in July)
• Services 4.72%Y/Y in August (MNI median 4.8%, BOE 4.8%, 4.98% in July)
• NEIG 1.61%Y/Y in August (MNI median 1.66%, BOE 1.57%, 1.63% in July)
• Energy 2.47%Y/Y in August (MNI median 0.7%, BOE 2.03%, 1.45% in July)
• Food, alcohol, tobacco 5.33%Y/Y in August (MNI median 5.07%, BOE 5.32%, 5.14% in July)
• Food and non-alcoholic beverages 5.12%Y/Y in August (MNI median 4.75%, BOE 5.22%, 4.95% in July)

• RES 4: 122.56 0.764 proj of the Apr 9 - May 8 - 14 price swing (cont)
• RES 3: 121.88 0.618 proj of the Apr 9 - May 8 - 14 price swing (cont) 
• RES 2: 121.00 Round number resistance
• RES 1: 120.74 High Aug 5 and the bull trigger
• PRICE: 120.17 @ Close Sep 16
• SUP 1: 119.06/118.36 Low Sep 4 / 3         
• SUP 2: 118.00 Round number support
• SUP 3: 117.70 2.236 proj of the Aug 5 - 12 - 14 price swing  
• SUP 4: 117.36 2.500 proj of the Aug 5 - 12 - 14 price swing 

The primary trend condition in BTP futures is unchanged, it remains bullish. The strong rally that started Sep 3 reinforces this theme and signals the end of the recent corrective pullback between Aug 5 - Sep 3. Key resistance and the bull trigger is 120.74, the Aug 5 high. A break of this hurdle would confirm a resumption of the uptrend. Key support has been defined at 118.36, the Sep 3 low.

• MNI: SWEDEN AUG SA UNEMPLOYMENT 8.8%