Pressure remains on the upside and break above the 157.00 level has seen gains to 157.20 high
Levels | Imp | Comment | Levels | Imp | Comment | |||
---|---|---|---|---|---|---|---|---|
R4 | 160.20 | ** | 29 Apr high | S1 | 156.00 | * | congestion | |
R3 | 158.44 | * | 26 Apr high | S2 | 155.25 | 17 May low | ||
R2 | 158.00 | * | 1 May high | S3 | 154.80 | * | congestion | |
R1 | 157.20 | 23 May high | S4 | 153.60 | * | 16 May low |
Asterisk denotes strength of level
00:30 GMT - Pressure remains on the upside and break above the 157.00 level has seen gains to 157.20 high. Higher still will see room to the strong resistance at the 158.00 level then the 158.44, 26 Apr high. Positive daily studies keeps pressure on the upside with support raised to the 156.50/156.00 area which should underpin and contain immediate corrective pullback. Would take break here to fade the upside pressure and turn focus lower and see room for deeper pullback to the strong support at the 155.00/154.80 area.