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COPOM Decision In Focus

Lacking Follow Through Above......>

EUROSTOXX50 TECHS
EUROSTOXX50 TECHS: Lacking Follow Through Above 55-DMA 
*RES 4: 3642.10 Low Nov 8 now resistance 
*RES 3: 3610.68 21-DMA 
*RES 2: 3601.45 High Nov 13 
*RES 1: 3590.43 55-DMA
*PREVIOUS CLOSE: 3564.02
*SUP 1: 3545.07 Low Nov 23 
*SUP 2: 3536.21 Low Nov 20 
*SUP 3: 3519.35 Low Nov 15 
*SUP 4: 3516.72 200-DMA
*COMMENTARY: Pops above the 55-DMA continue to lack follow through with the
relatively bearish close adding weight to the case for a test of the
3497.29-3536.21 region where 100 (3533.51) and 200 (3516.72) DMAs are situated.
Below 3497.29 then shifts focus to 3363.68 Aug lows. The 3601.45-3642.1
resistance region is key. Bulls need a close above this region to confirm breaks
of 21 & 55-DMAs with overall focus returning to tests of 2017 highs.