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Bull trend extends *RES 4:........>

EUROSTOXX50 TECHS
EUROSTOXX50 TECHS: Bull trend extends
*RES 4: 3600.00 Round number resistance
*RES 3: 3592.67 Bull channel top drawn off the Jun 3 low
*RES 2: 3558.40 1.00 projection of Jun 14-Jun 21 rally from Jun 27 low
*RES 1: 3540.63 High Jul 1
*PRICE: 3540.63 @ Close Jul 3
*SUP 1: 3508.11 Trendline support drawn off the Jun 3 low
*SUP 2: 3476.08 Low Jul 1
*SUP 3: 3424.68 Low Jun 27 and key trend support
*SUP 4: 3418.18 High Jun 11
EUROSTOXX50 printed fresh trend highs yesterday. The Apr high of 3515.15 has now
been clearly breached. This confirms a resumption of the uptrend and marks the
next leg higher in the uptrend that started off the Jun 3 low. With bullish
conditions firmly in place, the focus turns to the bull channel top currently at
3592.67. Momentum readings have entered overbought territory, however this is
not seen as threat to bulls just now. Key trend support lies at 3424.68.

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