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June 04, 2018 03:11 GMT
Bulls Need Close Above 55-DMA.....>
EUROSTOXX50 TECHS
EUROSTOXX50 TECHS: Bulls Need Close Above 55-DMA
*RES 4: 3540.03 High May 28
*RES 3: 3532.73 21-DMA
*RES 2: 3471.87 55-DMA
*RES 1: 3455.15 High May 31
*PREVIOUS CLOSE: 3453.54
*SUP 1: 3420.84 Low June 1
*SUP 2: 3383.17 Alternating daily support/resistance
*SUP 3: 3373.34 100-WMA
*SUP 4: 3313.73 200-WMA
*COMMENTARY: The sell-off from the failures ahead of 3600.36 gained traction
below the 55-DMA with immediate focus now on 3372.87-3383.67 where the 100-WMA
is located. Bears need a close below the 100-WMA to add weight to the case for a
test of 3261.86-3313.73 where 2018 lows and the 200-WMA are located. Bulls still
look for a close above the 55-DMA to ease bearish pressure and above 3540.03 to
pressure 3600.36 once more.
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