Stoxx50 managed an inside day to start the week as it remained supported ahead of the key 3062.0 level while remaining capped ahead of the 55-DMA. The 3062.0 level is key support with bears needing a close below to ease bullish pressure and below the 21-DMA to hint at a move back to 2014 lows at 2789.6. While 3062.0 supports immediate focus remains on the 3130.7-3169.9 region where key DMAs are located.
RES 4: 3301.2 2014 High Sept 19
RES 3: 3259.2 High Sept 25
RES 2: 3169.9 High Oct 96
RES 1: 3130.7 55-DMA
PREVIOUS CLOSE: 3082.1
SUP 1: 3062.0 High Oct 27 now support
SUP 2: 3015.6 21-DMA
SUP 3: 2965.6 Low Oct 30
SUP 4: 2906.0 Low Oct 21