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Extends gains *RES 4: 3491.16.....>

EUROSTOXX50 TECHS
EUROSTOXX50 TECHS: Extends gains
*RES 4: 3491.16 High Aug 1
*RES 3: 3473.00 High Aug 2
*RES 2: 3445.84 61.80% retracement of the Jul 25 - Aug 15 downleg
*RES 1: 3443.08 High Aug 30
*PRICE: 3426.76 @ Close Aug 30
*SUP 1: 3356.68 Low Aug 29
*SUP 2: 3318.33 Low Aug 26 and key near-term support
*SUP 3: 3286.54 Low Aug 16
*SUP 4: 3239.20 Low Aug 15 and key support
EUROSTOXX50 extended its rally Friday following Thursday's break of the former
key short-term resistance and Aug 22 high at 3405.35. Prices have also extended
gains above the 50-day EMA reinforcing the bullish theme. With momentum
conditions in a bull mode, the likelihood for continued gains is likely.
Attention is on 61.8% of the decline between Jul 25 - Aug 15 at 3445.84 next. On
the downside, initial support lies at 3356.68, the low of Aug 29.

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