Stoxx50 continues to trade sideways within a broad 3129.1-3223.9 range. The 3223.9-3239.8 region remains key resistance with bulls needing a close above to confirm a break of the falling daily trend line and 55-DMA, shifting focus to the 3289.8-3325.5 region and 2041 high. While the 3223.9-3239.8 region caps bears target a break of the 200-DMA which then sees focus shift to the Apr monthly low.
RES 4: 3325.5 2014 High June 19
RES 3: 3289.8 High July 3
RES 2: 3239.8 High July 8
RES 1: 3226.9 55-DMA
PREVIOUS CLOSE: 3169.0
SUP 1: 3147.4 Rising channel base Sep 13/Mar 14 Lows
SUP 2: 3129.1 Monthly Low May 7
SUP 3: 3128.6 200-DMA
SUP 4: 3083.4 Monthly low Apr 14