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Uptrend likely to extend *RES.....>

EUROSTOXX50 TECHS
EUROSTOXX50 TECHS: Uptrend likely to extend
*RES 4: 3467.67 High May 7
*RES 3: 3451.83 76.4% retracement of the 3514.62 - 3248.54 downleg
*RES 2: 3438.56 High May 16 and key resistance
*RES 1: 3418.18 High Jun 11
*PRICE: 3386.63 @ Close June 14
*SUP 1: 3371.89 50-Day EMA
*SUP 2: 3363.07 Low Jun 14
*SUP 3: 3258.04 Low May 31
*SUP 4: 3248.54 Low Jun 3
The strong rally experienced this month is expected to extend. The recent
corrective pullback has taken on the appearance of a bull flag formation which
is a continuation pattern. Momentum studies remain constructive for bulls too.
Look for a break of 3418.18 to confirm a resumption of the rally and expose
3451.83, the 76.4% retracement of the 3514.62 - 3248.54 last downleg. 3363.07,
the Jun 14 low marks initial support.

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