Pressure remains firmly on the upside to reach fresh high at 154.79 and see the 155.00/155.15 resistance now within reach
Levels | Imp | Comment | Levels | Imp | Comment | |||
---|---|---|---|---|---|---|---|---|
R4 | 155.80 | ** | 25 Jun 1990 high | S1 | 153.88 | 16 Apr low | ||
R3 | 155.15 | * | 13 Jun 1990 high | S2 | 153.00 | * | congestion | |
R2 | 155.00 | * | figure | S3 | 152.60 | * | 12 Apr low | |
R1 | 154.79 | * | 16 Apr YTD high | S4 | 152.00 | ** | congestion |
Asterisk denotes strength of level
00:50 GMT - Pressure remains firmly on the upside to reach fresh high at 154.79 and see the 155.00/155.15 resistance now within reach. The stretched intraday and daily studies suggest reaction here likely but a later break not ruled out. Higher will see room to further extend gains within the bullish channel from the late-December low and see scope for retest of the 155.80, June 1990 high. Meanwhile, support is raised to the 154.00/153.88 area. Break here will open up deeper corrective pullback to the 153.00/152.60 support.