Break above the 86.0000 level further extend gains from the 85.1900 low to reach 86.3500
Level | Comment | Level | Comment | |||||
---|---|---|---|---|---|---|---|---|
R4 | 87.3850 | * | 11 Mar high | S1 | 86.0000 | * | congestion | |
R3 | 87.0000 | * | figure | S2 | 85.7325 | * | 16 Jul low | |
R2 | 86.8990 | ** | Jun high | S3 | 85.5000 | * | congestion | |
R1 | 86.4600 | ** | Feb low | S4 | 85.1900 | ** | 3 Jul low |
Asterisk denotes strength of level
05:15 GMT - Break above the 86.0000 level further extend gains from the 85.1900 low to reach 86.3500. Nearby will see scope to target strong resistance at the 86.4600, February low. Clearance here, if seen, will return focus to the 86.8990, June swing high. However, the latter is expected to cap and expected to give way to fresh selling pressure later. Meanwhile, support is raised to the 86.0000 level which should underpin. Break here will return focus to the downside to retrace rally from the 85.1900 low.