Little change, as prices drift narrowly in consolidation below the 83.5250 resistance
Level | Comment | Level | Comment | |||||
---|---|---|---|---|---|---|---|---|
R4 | 83.6500 | * | extension | S1 | 83.4000 | congestion | ||
R3 | 83.6000 | * | figure | S2 | 83.3450 | * | 3 May low | |
R2 | 83.5750 | ** | 19 Apr all-time high | S3 | 83.2650 | * | 24 Apr low | |
R1 | 83.5250 | * | 30 Apr high | S4 | 83.1560 | * | 10 Apr low |
Asterisk denotes strength of level
05:25 GMT - Little change, as prices drift narrowly in consolidation below the 83.5250 resistance. The downside remains limited and break of the 83.4000 congestion is needed to open up deeper pullback to the 83.3400 and 83.2650 lows. Below the latter will confirm a top pattern at the 83.5250/83.5750 highs and see room to the strong support at the 83.1560 low of April. Break of the latter will further retrace the strong rally from the 82.6485, March low. Meanwhile, resistance at the 83.5250 and 83.5750 highs now seen capping.