Despite daily studies at O/B levels Stoxx50 continues to make gains with bulls currently focused on the 3259.7-3289.8 region and overall targeting 2014 highs. The Bollinger band top is noted around 3240.4 today and may limit topside follow through but bears need a close below the channel base and 55-DMA to ease bullish pressure and below 3123.6 to shift focus back to Aug monthly lows
RES 4: 3325.5 2014 High June 19
RES 3: 3289.8 Monthly high July 3
RES 2: 3259.7 Rising daily channel top August
RES 1: 3240.4 Bollinger band top
PREVIOUS CLOSE: 3218.6
SUP 1: 3186.8 100-DMA
SUP 2: 3161.4 Rising daily channel base off Aug Low
SUP 3: 3135.0 200-DMA
SUP 4: 3123.6 Low Aug 25