Further extend the underlying bull trend from the 2020 year low following bullish breakout from the 193.55, March high
Levels | Imp | Comment | Levels | Imp | Comment | |||
---|---|---|---|---|---|---|---|---|
R4 | 200.00 | ** | figure | S1 | 193.55/00 | * | Mar high, congestion | |
R3 | 197.45 | * | 24 Sep 2008 high | S2 | 191.30 | * | Feb high | |
R2 | 195.85 | ** | Jun 2015 year high | S3 | 190.00 | * | 12 Apr low, congestion | |
R1 | 195.25 | * | Aug 2015 high | S4 | 188.65 | * | Nov high |
Asterisk denotes strength of level
06:30 GMT - Further extend the underlying bull trend from the 2020 year low following bullish breakout from the 193.55, March high. Focus now shift to the 195.25/195.85, August/June 2015 multi-year high. Overbought daily studies suggest test here likely to give way to consolidation before further bull extension. Clearance, if seen, will shift focus to the highs of 2008 at 197.45 then the 200.00 figure. Meanwhile support is raised to the 193.55/193.00 area and this should now underpin and limit immediate pullback.