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Momentum Needed *RES 4: 3486.31...>

EUROSTOXX50 TECHS
EUROSTOXX50 TECHS: Momentum Needed
*RES 4: 3486.31 High Aug 10
*RES 3: 3452.41 High Sep 27
*RES 2: 3230.00 Down trendline resistance form Oct 26 high
*RES 1: 3141.17 21-dma
*PREVIOUS CLOSE: 3112.17
*SUP 1: 3000.00 Support
*SUP 2: 2984.48 Low Dec 2 2016
*SUP 3: 2678.27 Low Jul 1 2016
*SUP 4: 2494.54 Low May 24, 2013
Eurostoxx managed to build on the week's gains Thursday but lacked the momentum
required to recover last week's best levels. The next upside target remains the
21-dma at 3141.17, above which would allow a challenge of down trendline
resistance to target the Nov 8 highs at 3230.00. Bears target a move down to
3000, below which would open the Dec 2016 lows at 2984.48.

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