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Bulls In Charge *RES 4: 3269.66...>

EUROSTOXX50 TECHS
EUROSTOXX50 TECHS: Bulls In Charge
*RES 4: 3269.66 61.8% retracement of the Feb - Mar sell-off
*RES 3: 3214.20 High Mar 9
*RES 2: 3200.00 Round number resistance
*RES 1: 3102.96 High May 27 and intraday bull trigger
*PRICE: 3077.92 @ Close Jun 1
*SUP 1: 2978.53 Low May 26
*SUP 2: 2854.07 Low May 22 and key near-term support
*SUP 3: 2800.07 Low May 18
*SUP 4: 2708.07 Low May 14 and bear trigger
EUROSTOXX 50 remains bullish. The index traded higher last week clearing key
resistance at 3023.83, Apr 30 high to confirm a resumption of the uptrend that
has been in place since the Mar 16 low. The break higher paves the way for
strength towards the 3200 handle next and 3214.20, Mar 9 high. Momentum studies
remain firm and this reinforces bullish conditions. Key near-term support lies
at 2854.07, May 22 low.

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