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Remains Under Pressure *RES 4:....>

EUROSTOXX50 TECHS
EUROSTOXX50 TECHS: Remains Under Pressure
*RES 4: 3668.70 High Feb 25
*RES 3: 3595.80 High Feb 26
*RES 2: 3553.05 High Feb 27
*RES 1: 3448.24 High Mar 3
*PRICE: 3371.97 @ Close Mar 3
*SUP 1: 3257.99 Low Mar 3
*SUP 2: 3239.20 Low Aug 16 and a key support
*SUP 3: 3175.71 Low Feb 15, 2019
*SUP 4: 3134.92 76.4% retracement of the Dec 2018 - Feb 2020 rally
EUROSTOXX 50, remains heavy despite a recent correction. The index has almost
entirely retraced the recovery between Aug 8 and Feb 20 and attention is on
3239.20 next, the Aug 12 key support. Note though that at current levels, the
index remains extremely oversold and the risk of a sharp spike or S/T reversal
is still present. For now though weakness dominates, a break of 3239.20 would
reinforce the underlying bearish conditions.

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