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Fresh Trend High Once Again

EUROSTOXX50 TECHS
  • RES 4: 4150.66 High Jan 17, 2008
  • RES 3: 4110.24 High Jan 18, 2008
  • RES 2: 4047.72 2.236 proj of Dec 21 - Jan 8 rally from Jan 28 low
  • RES 1: 4040.88 High Apr 19
  • PRICE: 4019.91 @ Close Apr 19
  • SUP 1: 3953.26 Low Apr 6 and key near-term support
  • SUP 2: 3934.72 20-day EMA
  • SUP 3: 3910.90 Low Mar 31
  • SUP 4: 3841.46 Low Mar 26

EUROSTOXX 50 maintains a bullish theme and again registered a fresh trend high yesterday, extending the recent break of the psychological 4000.00 level. The recovery from 3784.09, Mar 25 low confirmed a resumption of the uptrend, extending the bullish price sequence of higher highs and higher lows. The breach of 4000.00 opens 4047.72 next, a Fibonacci projection. Initial firm support is at 3953.26, Apr 13 low.

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