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

EUROSTOXX50 TECHS
EUROSTOXX50 TECHS: Bulls Still In Charge
*RES 4: 3836.28 High Oct 13, 2015
*RES 3: 3830.60 1.236 projection of Aug 15 - Oct 1 rally from Oct 3 low
*RES 2: 3748.12 1.000 projection of Aug 15 - Oct 1 rally from Oct 3 low
*RES 1: 3719.40 High Nov 12
*PRICE: 3711.61 @ Close Nov 15
*SUP 1: 3679.63 Low Nov 13
*SUP 2: 3637.94 High Oct 28 and former breakout point
*SUP 3: 3593.60 Low Oct 31
*SUP 4: 3571.01 Low Oct 18 and key support
EUROSTOXX50 retains a bullish focus and last weeks lateral move represents a
pause in the trend. The clear break recently of 3637.94, Oct 28 high confirmed a
resumption of the underlying uptrend to maintain the bullish price sequence of
higher highs and higher lows. Further gains are favoured near-term and the focus
is on 3748.12 next. Moving average studies remain firm reinforcing the current
bullish trend conditions. Support is at 3637.94.

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