Stoxx50 continues to probe the layers of resistance noted in the 3126.6-3169.9 region with the Bollinger band top limiting follow through. Key DMAs are located just above with bulls needing a close above 3169.9 to confirm bullish pressure and see focus shift to the 2014 high. The 3026.4-3085.2 support region remains key with bears needing a close below 3085.2 to ease bullish pressure and below 3026.4 to confirm a break of the 21-DMA and target 2014 lows.
RES 4: 3169.9 High Oct 6
RES 3: 3152.6 200-DMA
RES 2: 3137.7 Bollinger band top
RES 1: 3126.6 100-DMA
PREVIOUS CLOSE: 3123.0
SUP 1: 3085.2 Low Nov 18
SUP 2: 3026.4 Low Nov 13
SUP 3: 2965.6 Low Oct 30
SUP 4: 2906.0 Low Oct 21