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Familiar Themes At Play *RES 4:...>

EUROSTOXX50 TECHS
EUROSTOXX50 TECHS: Familiar Themes At Play
*RES 4: 3400.00 Downtrend resistance from Jan 2018 high
*RES 3: 3319.07 200-dma
*RES 2: 3274.40 Low Sep 7 now resistance
*RES 1: 3244.98 High Dec 3
*PREVIOUS CLOSE: 3165.20
*SUP 1: 3109.38 21-dma
*SUP 2: 3100.00 Pivot
*SUP 3: 2908.70 Dec 27 low
*SUP 4: 2892.52 Aug 3 2016 Low
Eurostoxx stuck to a tight range yesterday, allowing bulls to consolidate
Friday's uptick, keeping the focus on the Dec 3 high of 3244.98. A break above
here would further improve the outlook suggesting a run at the 200dma at
3319.07. Bears need a close back below the 21dma at 3109.38 and the 3100 level
to turn the outlook neutral and open the 3000 level ahead of a retest of the Dec
27 low at 2908.70.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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