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Bullish Trend Extends *RES 4:.....>

EUROSTOXX50 TECHS
EUROSTOXX50 TECHS: Bullish Trend Extends
*RES 4: 3836.28 High Oct 13, 2015
*RES 3: 3748.12 1.000 projection of Aug 15 - Oct 1 rally from Oct 3 low
*RES 2: 3700.00 Round number resistance
*RES 1: 3708.65 High Nov 7
*PRICE: 3706.68 @ Close Nov 7
*SUP 1: 3637.94 High Oct 28 and former breakout point
*SUP 2: 3593.60 Low Oct 31
*SUP 3: 3571.01 Low Oct 18 and key support
*SUP 4: 3562.39 Low Oct 15
EUROSTOXX50 retains a clear bullish focus as prices continued yesterday again to
extend higher. The clear break of 3637.94, Oct 28 high this week confirmed a
resumption of the underlying uptrend, paving the way for strength towards
3748.12 next, now that 3700.00 has been cleared. Momentum studies continue to
point north reinforcing the current bullish theme Moving average studies too are
firm. On the downside, initial support is at 3637.96.

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