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Bulls Back In Control *RES 4:....>

EUROSTOXX50 TECHS
EUROSTOXX50 TECHS: Bulls Back In Control 
*RES 4: 3701.78 Daily Bull Channel top (redrawn) 
*RES 3: 3666.80 2017 High May 8 
*RES 2: 3650.83 High May 11 
*RES 1: 3639.81 High Oct 26
*PREVIOUS CLOSE: 3637.20
*SUP 1: 3625.87 High Oct 18 now support 
*SUP 2: 3604.50 21-DMA 
*SUP 3: 3580.21 Low Oct 26 
*SUP 4: 3578.44 Bollinger band base
*COMMENTARY: Bears failed to capitalize on the close below the 21-DMA with the
index recovering from a dip below the old channel base Thursday to trade at
fresh 5mth highs and reconfirm focus on 3666.80-3701.78 where 2017 highs and
redrawn bull channel top are located. The 3580.21-3604.50 support where the
21-DMA is noted is now key. Bears need a close below the 21-DMA to ease bullish
pressure and below 3580.21 to hint at a move back to 3506.61-3529.19.

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