Close Above 3300 Gives Bulls......>

EUROSTOXX50 TECHS: Close Above 3300 Gives Bulls Hope

*RES 4: 3514.78 High August 7 

*RES 3: 3486.31 High August 10 

*RES 2: 3462.81 High August 28 

*RES 1: 3349.14 Low August 15, now resistance 

*PREVIOUS CLOSE: 3311.66 

*SUP 1: 3261.86 Low March 26 

*SUP 2: 3214.31 Low February 8 2017 

*SUP 3: 3175.00 Bear channel bottom 

*SUP 4: 2984.48 Low December 2 2016 

Eurostoxx50 looked set for new lows until a late-day rally reclaimed the 3300

level. Above here keeps hopes alive of a rally to the Aug 15 low at 3349.14.

Above here would give challenge to the Aug 28 high at 3462.81, a break above

which would open up the year-long downtrend. The broader trend remains bearish

though with the March 26 low of 3261.86 still in sight. A break below here would

open up the Feb 2017 lows at 3214.31, confirming the large topping pattern.