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Remains Capped Ahead Of 200-DMA...>

EUROSTOXX50 TECHS
EUROSTOXX50 TECHS: Remains Capped Ahead Of 200-DMA
*RES 4: 3540.64 High June 15
*RES 3: 3506.89 200-DMA
*RES 2: 3505.02 Low June 15 now resistance
*RES 1: 3502.31 55-WMA
*PREVIOUS CLOSE: 3468.45
*SUP 1: 3460.00 Low July 25 
*SUP 2: 3439.21 21-DMA 
*SUP 3: 3418.06 Low July 12 
*SUP 4: 3389.44 Alternating daily support/resistance
*COMMENTARY: Bulls have so far failed to capitalize on bounces from the 21-DMA
with the pair hesitating ahead of key MAs. Bulls need a close above the 200-DMA
to add support to the case for a test of 2018 highs with immediate focus
shifting to 3540.03-3566.63 where the weekly bear channel top of 2018 highs are
noted. Bears now need a close below 3560.00 to gain breathing room and below
3418.06 to target June lows.

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