After a period of volatile trading Stoxx50 confirmed a break of the topside of the daily triangle Friday with the close above 3177.0 shifting overall focus to the 3278.6-3325.5 region where monthly and 2014 highs are located. Bears now look for a close below 3177.0 to ease the renewed bullish pressure whereas a close below 3120.6 is needed to confirm breaks of 21, 55, 100 & 200_DMAs, shifting immediate focus back to the 2998.5 Jan low so far.
RES 4: 3301.1 Monthly High Sept 19
RES 3: 3278.6 Monthly High Dec 5
RES 2: 3240.0 Bollinger band top
RES 1: 3229.2 High Dec 9
PREVIOUS CLOSE: 3202.0
SUP 1: 3177.0 High Jan 2 now support
SUP 2: 3120.6 Hourly support Jan 15
SUP 3: 3018.6 Low Jan 15
SUP 4: 2998.5 Low Jan 6
