Bullish break above the 15470 resistance has seen further extension through the 15600 and 15654 resistance to reach the 15700 level
Levels | Imp | Comment | Levels | Imp | Comment | |||
---|---|---|---|---|---|---|---|---|
R4 | 15884 | * | 9 Aug low | S1 | 15470 | * | congestion | |
R3 | 15829 | * | 13 Aug low, gap | S2 | 15360 | * | Nov 2023 low | |
R2 | 15772 | * | 50% Jun/Sep fall | S3 | 15300 | * | Aug low | |
R1 | 15747 | * | 16 Aug high | S4 | 15200 | * | congestion |
Asterisk denotes strength of level
02:25 GMT - Bullish break above the 15470 resistance has seen further extension through the 15600 and 15654 resistance to reach the 15700 level. Higher still will further extend gains from the September YTD low at 15070 and see the gap area at 15747/15829 attracting. However, daily studies are now deep into overbought areas and caution pullback. Below the 15600 level will see room for deeper pullback to the 15500/15470 area which now underpin. Break here will see room for deeper pullback to the strong support at the 15360/15300 area.