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Supported Ahead of Weekly Bull....>

EUROSTOXX50 TECHS
EUROSTOXX50 TECHS: Supported Ahead of Weekly Bull Channel Base 
*RES 4: 3642.10 Low Nov 8 now resistance 
*RES 3: 3620.01 High Nov 10 
*RES 2: 3601.30 55-DMA 
*RES 1: 3581.05 Hourly resistance Dec 14
*PREVIOUS CLOSE: 3560.53
*SUP 1: 3535.97 Weekly Bull channel base (Off July 2016 low) 
*SUP 2: 3532.30 200-DMA 
*SUP 3: 3519.35 Low Dec 7 
*SUP 4: 3497.29 High Aug 16 now support
*COMMENTARY: The lack of topside follow-through above the 55-DMA took its toll
with focus having returned to the lower end of the defining 3519.35-3620.01
range where the weekly bull channel base is noted. Bears need a close below
3519.35 to confirm breaks of key supports and below 3497.29 to initially target
the bear channel base (3432.22). Bulls need a close above the 55-DMA to hint at
a move back to Nov highs with above 3642.10 to confirm.

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