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Rally Extends Towards July........>

EUROSTOXX50 TECHS
EUROSTOXX50 TECHS: Rally Extends Towards July Highs
*RES 4: 3708.82 High Nov 1, 2017
*RES 3: 3687.22 High Jan 23, 2018 
*RES 2: 3596.20 High May 18 
*RES 1: 3536.87 High Jul 31 
*PRICE: 3463.36 @ Close Apr 16 
*SUP 1: 3412.95 Low Apr 11 
*SUP 2: 3353.67 Low Apr 1 
*SUP 3: 3281.79/3276.34/3273.68 Low Mar 25/200-dma/Low Mar 8 
*SUP 4: 3226.12/3215.04 38.2% retracement/High Feb 6 
Eurostoxx continues to extend its recovery with yesterday' rally brining the
July 31 high at 3536.87 into play. A break above here would open the May 18 high
at 3596.20 ahead of the Jan 2018 high at 3687.22. On the downside initial
support comes in at the April 11 low at 3412.95 with a break below here opening
the April 1 low at 3353.67. A break below the 200-dma key support area is needed
to shift the outlook negative.

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