The recovery from ahead of the 21-DMA continued Thursday with Stoxx50 making its first foray into the 3129.4-3169.9 region where 55, 100 & 200-DMAs and the Bollinger band top are located. Bulls now look for a close above 3169.9 to reconfirm bullish pressure and target 2014 highs. Bears now need a close below 3067.6 to ease the bullish pressure and below the 21-DMA to shift overall focus back to the 2014 low.
RES 4: 3259.2 High Sept 25
RES 3: 3169.9 High Oct 96
RES 2: 3149.6 200-DMA
RES 1: 3142.3 100-DMA
PREVIOUS CLOSE: 3102.0
SUP 1: 3067.6 Low Nov 6
SUP 2: 3028.3 Low Nov 4
SUP 3: 3013.4 21-DMA
SUP 4: 2965.6 Low Oct 30