The 21-DMA remains key support for Stoxx50 this week with bears needing a close below to end bullish hopes and see bears initially target the 3174.1-3212.4 region where 55, 100 & 200-DMAs are located. While the 21-DMA supports bulls remain focused on the 3426.7-3459.8 region where 2015 highs and the trend line extension are located.
RES 4: 3530.3 Bollinger band top
RES 3: 3459.8 Rising daily trend line extension
RES 2: 3456.8 Monthly High Aug 2008
RES 1: 3426.7 2015 High Feb 3
PREVIOUS CLOSE: 3383.0
SUP 1: 3321.6 Low Feb 9
SUP 2: 3315.8 21-DMA
SUP 3: 3261.8 Low Jan 22
SUP 4: 3212.4 55-DMA
