Sharply higher through the 15300 and 15360 resistance to extend gains from the 15070, September low
Levels | Imp | Comment | Levels | Imp | Comment | |||
---|---|---|---|---|---|---|---|---|
R4 | 15600 | * | congestion | S1 | 15300 | * | Aug low | |
R3 | 15560 | * | Feb, Mar low | S2 | 15200 | * | congestion | |
R2 | 15470 | 9 Sep high | S3 | 15070 | ** | 25 Sep YTD low | ||
R1 | 15400 | * | congestion | S4 | 15000 | * | figure |
Asterisk denotes strength of level
03:20 GMT - Sharply higher through the 15300 and 15360 resistance to extend gains from the 15070, September low. Clearance opens up stronger gains to retrace steep drop from the 16330, late-July high, and see room to the 15400 level and 15470 resistance. Higher still, will open up the 15560/15600 area. Corrective gains are expected to give way to selling pressure later. Meanwhile, support is raised to the 15300, August low. Below here will return focus to the downside for retest of the 15200 congestion then the 15070 low.