Sharply higher to extend break above the 15300 and 15360 resistance to reach the 15529 high
Levels | Imp | Comment | Levels | Imp | Comment | |||
---|---|---|---|---|---|---|---|---|
R4 | 15747 | * | 16 Aug high | S1 | 15360 | * | Nov 2023 low | |
R3 | 15654 | * | 23 Aug high | S2 | 15300 | * | Aug low | |
R2 | 15600 | ** | congestion | S3 | 15200 | * | congestion | |
R1 | 15560 | * | Feb, Mar lows | S4 | 15070 | ** | 25 Sep YTD low |
Asterisk denotes strength of level
03:10 GMT - Sharply higher to extend break above the 15300 and 15360 resistance to reach the 15529 high. Daily studies are still positive and see scope for stronger gains to retrace steep drop from the 16330, late-July high. Clearance will see room to the 15560/15600 area and 15654 resistance. Corrective gains are expected to give way to selling pressure later. Meanwhile, support is raised to the 1560/15300 area. Below here will return focus to the downside for retest of the 15200 congestion then the 15070 low.