Stoxx50 fell just short of the March monthly low Friday before bouncing back towards the Bollinger band base (3012.4). With daily studies at O/S levels and the close below the Bolli base, downside follow through may be limited again today with bulls looking for a bounce back towards 3062.2. A close above3062.2 is needed to ease bearish pressure while above the 200-DMA shifts overall focus higher
RES 4: 3129.0 200-DMA
RES 3: 3105.4 Hourly resistance Aug 1
RES 2: 3095.1 High Aug 5
RES 1: 3062.2 High Aug 6
PREVIOUS CLOSE: 3006.7
SUP 1: 2971.5 Monthly Low Mar 14
SUP 2: 2944.1 2014 Low Feb 4
SUP 3: 2916.7 Monthly Low Dec 13 2013
SUP 4: 2891.4 Monthly Low Oct 7 2013