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Uptrend Extends *RES 4: 3816.32...>

EUROSTOXX50 TECHS
EUROSTOXX50 TECHS: Uptrend Extends
*RES 4: 3816.32 High Apr 15, 2015
*RES 3: 3801.38 High Apr 16, 2015
*RES 2: 3782.29 High Apr 27, 2015
*RES 1: 3794.93 High Dec 27
*PRICE: 3782.27 @ Close Dec 27
*SUP 1: 3722.57 Low Dec 20
*SUP 2: 3671.97 Trendline drawn off the Aug 15 low
*SUP 3: 3625.00 Low Dec 10
*SUP 4: 3594.80 Low Dec 3 and bear trigger
EUROSTOXX50 traded higher Friday extending the uptrend. The outlook is bullish
and further gains are favoured. The rally over December has reinforced the
broader bullish theme following a failed attempt to break trendline support
drawn off the Aug 15 low and a subsequent move above 3733.45, Nov 19 high that
confirmed a resumption of the uptrend. The focus is on 3801.38, Apr 16 2015 high
and 3836.28, Apr 13 2015 high. Support is 3722.57, Dec 19 low.

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