Resistance Defined At 2956.22.....>

EUROSTOXX50 TECHS: Resistance Defined At 2956.22

*RES 4: 3214.20 High Mar 9

*RES 3: 3085.06 50.0% retracement of the Feb 20 - Mar 16 decline

*RES 2: 2998.65 High Mar 11

*RES 1: 2956.22 High Apr 14 and bull trigger

*PRICE: 2812.35 @ Close Apr 16

*SUP 1: 2792.17 Low Apr 16

*SUP 2: 2701.86 Low Apr 6

*SUP 3: 2626.10 Low Apr 2 and key support

*SUP 4: 2427.87 Low Mar 23

EUROSTOXX 50 traded lower Wednesday as equity markets in general suffered

selling pressure. The sharp pullback does threaten the recent recovery and has

defined a key near-term resistance at 2956.22, Apr 14 high. A clear breach of

support at 2792.17, yesterday's low would reinforce a S/T bearish theme and

expose 2701.86 and 2626.10, the Apr 6 and Apr 2 lows respectively. A break of

2956.22 is required to reinstate a bullish theme.