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3418.06 Support Key This Week.....>

EUROSTOXX50 TECHS
EUROSTOXX50 TECHS: 3418.06 Support Key This Week
*RES 4: 3502.03 55-WMA
*RES 3: 3480.44 High July 10
*RES 2: 3479.23 55-DMA
*RES 1: 3466.26 High July 13
*PREVIOUS CLOSE: 3457.50
*SUP 1: 3421.85 21-DMA 
*SUP 2: 3418.06 Low July 12 
*SUP 3: 3389.44 Alternating daily support/resistance 
*SUP 4: 3355.75 Bollinger band base
*COMMENTARY: The recovery from June lows stalled ahead of the 55-DMA last week
with correcting O/B studies increasing the risk of a correction back to the
200-WMA (3324.01). Bears still need a close below 3418.06 to shift initial focus
back to 3340.50 June lows. Bulls now look for a close above 3480.44 to gain
breathing room and above the 200-DMA (3510.92) to hint at a move back to 2018
highs (3687.22).

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