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Uptrend Continues *RES 4:.........>

EUROSTOXX50 TECHS
EUROSTOXX50 TECHS: Uptrend Continues
*RES 4: 3596.20 High May 18 
*RES 3: 3536.87 High Jul 31 
*RES 2: 3463.03 High Aug 28 
*RES 1: 3453.02 High Apr 5 
*PRICE: 3447.47 @ Close Apr 5 
*SUP 1: 3353.67 Low Apr 1 
*SUP 2: 3281.79/3274.91/3273.68 Low Mar 25/200-dma/Low Mar 8 
*SUP 3: 3226.12/3215.04 38.2% retracement/High Feb 6 
*SUP 4: 3175.71 Low Feb 15 
Eurostoxx posted five up days last week to extend the rally above the Sep 27
high and bring the Aug 28 high at 3463.03 into play. A break above here would
open the July 31 high at 3536.87 ahead of the May 18 high at 3596.20. To
stabilise the outlook bears need a push back below the April 1 low at 3353.67 to
open the 200-dma which holds a key support area. Below here would suggest a
bearish reversal towards the 32.8% retracement/Feb 6 high at 3226.12/3215.04.

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