Weighing on the 99.00/98.60 support and scope seen for break here to extend deeper pullback from the 100.80 high
Levels | Imp | Comment | Levels | Imp | Comment | |||
---|---|---|---|---|---|---|---|---|
R4 | 102.85 | ** | Nov 2014 year high | S1 | 99.00 | * | Feb high, congestion | |
R3 | 101.35 | * | Dec 2014 high | S2 | 98.60 | * | Nov high | |
R2 | 100.80 | * | 9 Apr YTD high | S3 | 98.17 | * | 28 Mar low | |
R1 | 100.00 | * | figure | S4 | 97.65 | * | Jun high |
06:35 GMT - Weighing on the 99.00/98.60 support and scope seen for break here to extend deeper pullback from the 100.80 high. Lower will see deeper retracement of gains from the December low at 93.70 to unwind the overbought daily studies and see room to the support at 98.17 then the 97.65, June high. Meanwhile, resistance at the 100.00 level now expected to cap and extend losses from the 100.80 high. Break above the latter, if seen, will further extend the bull trend from the 2020 year low and shift focus to the 102.85, the 2014 year high.