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March 6 Highs Back In Focus.......>

EUROSTOXX50 TECHS
EUROSTOXX50 TECHS: March 6 Highs Back In Focus
*RES 4: 3452.41 High Sep 27
*RES 3: 3400.00 Up trend channel resistance from Feb 15
*RES 2: 3389.30 Channel top resistance from Jan 8
*RES 1: 3345.51 First Pivot Resistance
*PRICE: 3342.03 @ Mar14 Close
*SUP 1: 3300.00 Up trend channel support from Dec 27
*SUP 2: 3285.70/3273.68 21-dma/Low Mar 8
*SUP 3: 3223.40 Low Feb 19
*SUP 4: 3175.71/66 Low Feb 15/38.2% retracement
Equities benefited across the board Thursday, helping boost Eurostoxx to the
best levels since October. First resistance sits at the 3345.51 pivot level
ahead of channel top resistance at 3389.30. Any break and close above here would
open a run at the Sep 27 high at 3452.41. Bears look to close below uptrend
support which comes in at 3300.00 to open the 21-dma and March 8 low at
3285.70/3273.68.
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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