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Above 3642.10 Targets 2017 High...>

EUROSTOXX50 TECHS
EUROSTOXX50 TECHS: Above 3642.10 Targets 2017 High
*RES 4: 3670.47 Low Nov 6 now resistance 
*RES 3: 3662.90 Bollinger band top 
*RES 2: 3642.10 Low Nov 8 now resistance 
*RES 1: 3628.13 High Jan 18
*PREVIOUS CLOSE: 3620.91
*SUP 1: 3587.91 55-DMA 
*SUP 2: 3570.51 Low Jan 5 
*SUP 3: 3524.31 Hourly resistance Dec 29 now support 
*SUP 4: 3508.37 Hourly resistance Feb 2 now support
*COMMENTARY: Continued hesitation ahead of 3642.10 is less than ideal for bulls
who need a close above this level to confirm initial focus on tests of 2017
highs. Weekly studies remain well placed for further topside following the
recovery from a dip below the 55-WMA (3498.88) in past weeks. Bears look for a
close below the 55-DMA to gain breathing room and below 3570.51 to shift focus
back to 2018 lows so far.

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