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Fresh Trend High *RES 4:..........>

EUROSTOXX50 TECHS
EUROSTOXX50 TECHS: Fresh Trend High
*RES 4: 3836.28 High Apr 13, 2015 and key resistance
*RES 3: 3820.82 2.00 projection of the Dec 3 - Dec 6 rally from Dec 10 low
*RES 2: 3816.32 High Apr 15, 2015
*RES 1: 3807.09 High Jan 2 and bull trigger
*PRICE: 3795.88 @ Close Jan 9
*SUP 1: 3732.90 Low Jan 8
*SUP 2: 3710.94 Low Jan 6
*SUP 3: 3708.41 Trendline support drawn off the Aug 15 low
*SUP 4: 3625.00 Low Dec 10
The EUROSTOXX50 technical picture improved again yesterday with the index
trading to a fresh trend high, clearing former resistance at 3801.13, Jan 2 high
and traded at levels last seen in April 2015. Scope is gains towards 3816.32 and
3836.28, the Apr 15 and Apr 13, 2015 highs respectively. Key trendline support
drawn off the Aug 15 low remains intact. The trendline intersects at 3708.41
today and while it holds, the outlook remains bullish.

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