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3100 Key For Recovery To Extend...>

EUROSTOXX50 TECHS
EUROSTOXX50 TECHS: 3100 Key For Recovery To Extend
*RES 4: 3350.76 200-dma 
*RES 3: 3244.98 High Dec 3 
*RES 2: 3140.00 Down trendline resistance from Sep high
*RES 1: 3100.00 Pivot 
*PRICE: 3033.64 @ 05:30 GMT Jan 8 
*SUP 1: 2908.70 Dec 27 low 
*SUP 2: 2892.52 Aug 3 2016 Low 
*SUP 3: 2678.27 Low Jul 1 2016 
*SUP 4: 2494.54 Low May 24, 2013
Eurostoxx50 needs to break and close above the 3100 pivot area to shift the
outlook neutral. Above down trendline resistance at 3140 would shift the outlook
positive, opening the Dec 3 high of 3244.98. Bears look for a move back below
3000 which would allow them to target the Dec 27 low at 2908.70. A break here
would switch the focus to the Aug 2016 low at 2892.52.

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