Despite O/S daily studies remaining at O/S levels Stoxx50 is struggling to regain lost ground with initial resistance remaining untouched. Bulls continue to look for a close above 3062.2 to confirm an easing of bearish pressure while above the 200-DMA shifts immediate focus to the 3192.4-3223.9 region where 100 & 55-DMAs and late July highs are located. Immediate focus remains on Mar monthly lows.
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: 3026.1
SUP 1: 3016.5 Low Aug 12
SUP 2: 2971.5 Monthly Low Mar 14
SUP 3: 2944.1 2014 Low Feb 4
SUP 4: 2916.7 Monthly Low Dec 13 2013