Gains continued for Stoxx50 Thursday with the pair remaining capped ahead of the July monthly high. It is looking a little over extended at present with studies O/B and the close above the Bollinger band top but despite this, bulls clearly dominate and target the 2014 high. Bears need a close below the 100-DMA to ease bullish pressure and below the 21-DMA (3117.0) to target Aug monthly lows.
RES 4: 3342.5 Weekly Bollinger band top
RES 3: 3325.5 2014 High June 19
RES 2: 3302.9 High June 23
RES 1: 3289.8 Monthly high July 3
PREVIOUS CLOSE: 3277.0
SUP 1: 3246.9 Hourly support Sept 4
SUP 2: 3188.2 100-DMA
SUP 3: 3171.7 Rising daily channel base off Aug Low
SUP 4: 3136.1 200-DMA