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Support At 3000 Approaches .......>

EUROSTOXX50 TECHS
EUROSTOXX50 TECHS: Support At 3000 Approaches 
*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: 3120.78 21-dma 
*PREVIOUS CLOSE: 3040.13 
*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 
The 3000 level is now coming into focus as the downtrend threatens to intensify
below this level. Rallies are becoming increasingly shallow warning off further
losses towards the Dec 2016 lows at 2984.48. Bulls need to take out the 21-dma
now at 3120.78 to improve the outlook, above which would allow a challenge of
down trendline resistance to target the Nov 8 highs at 3230.00.

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