Little change, as prices extend consolidation above the 15070 low and unwind the oversold intraday and daily studies
Levels | Imp | Comment | Levels | Imp | Comment | |||
---|---|---|---|---|---|---|---|---|
R4 | 15400 | * | congestion | S1 | 15070 | * | 25 Sep low | |
R3 | 15360 | * | 6 Sep low | S2 | 15000 | * | figure | |
R2 | 15300 | * | Aug low | S3 | 14945 | * | 17 Jul 2023 low | |
R1 | 15200/205 | * | congestion, 23 Sep high | S4 | 14900 | * | congestion |
Asterisk denotes strength of level
03:05 GMT - Little change, as prices extend consolidation above the 15070 low and unwind the oversold intraday and daily studies. However, pressure remains on the downside and lower will see scope to target 15000 figure. Lower still, will extend the broader losses from the June YTD high at 16474 and see room to the 14945 support then the 14900 congestion. Meanwhile, resistance remains at the 15200/205 area. Regain this, if seen, will ease the downside pressure and see room for stronger bounce to the 15300 level then the 15360/15400 congestion area.