|R4||111.66||**||2 Jul YTD high||S1||110.00||*||congestion|
|R3||111.00||*||break level||S2||109.73||23 Sep low|
|R2||110.80||**||11 Aug (m) high||S3||109.50||*||congestion|
23 Jul (w) high
|S4||109.20||**||76.4% ret of Aug rally|
Asterisk denotes strength of level
13:25 BST - The bounce from 109.12/20 continues to extend, with the break above 110.00 now pressuring 110.50. Daily stochastics and the Tension Indicator continue to strengthen, highlighting scope for a test of the 110.80 monthly high of 11 August. But overbought intraday studies are expected to limit any initial tests in fresh consolidation. A close above here, however, will turn sentiment outright positive and confirm continuation of August gains, initially to congestion around 111.00. Meanwhile, support is raised to 110.00 and should underpin any immediate setbacks.