Stoxx50 continues struggle to make topside gains despite trading at fresh 3 month highs Tuesday with O/B daily studies remaining the key concern for bulls. Immediate focus remains on 3286.6-3302.9 with bears needing a close below 3213.5 to ease bullish pressure and shift focus back to 3109.1.1-3169.9. A close below the 200-DMA is then needed to hint at a sustained move lower with below the 55-DMA confirming breaks of additional key DMAs
RES 4: 3322.7 Weekly Bollinger band top
RES 3: 3302.9 2014 High Sept 19
RES 2: 3286.6 Rising daily channel top
RES 1: 3261.7 High Dec 2
PREVIOUS CLOSE: 3238.2
SUP 1: 3213.5 Low Dec 1
SUP 2: 3193.4 Low Nov 24
SUP 3: 3169.9 Alternating daily support/resistance
SUP 4: 3156.5 200-DMA
