Clears The 50-Day EMA *RES 4:.....>

EUROSTOXX50 TECHS: Clears The 50-Day EMA

*RES 4: 3214.20 High Mar 9

*RES 3: 3085.06 50.0% retracement of the Feb - Mar sell-off

*RES 2: 3023.83 High Apr 30 and the bull trigger

*RES 1: 3000.00 Round number resistance

*PRICE: 2971.35 @ Close May 25

*SUP 1: 2854.07 Low May 22 and key near-term support

*SUP 2: 2800.07 Low May 18

*SUP 3: 2708.07 Low May 14 and bear trigger

*SUP 4: 2701.86 Low Apr 6

EUROSTOXX 50 traded higher yesterday clearing resistance at 2927.26, May 11 high

and 2936.75, the 50-day EMA. The move higher reinforces the current bullish

phase and attention turns to key resistance at 3023.83, Apr 30 high. A break of

this level would confirm a resumption of the uptrend that has been in place

since the Mar 16 low and open 3085.06, 50% of the Feb - Mar sell-off. 2854.07,

May 22 low marks support.