Little change, as prices drift narrowly below the 83.9850, September all-time high
Level | Comment | Level | Comment | |||||
---|---|---|---|---|---|---|---|---|
R4 | 84.2000 | projection | S1 | 83.9000 | * | congestion | ||
R3 | 84.0000 | ** | figure | S2 | 83.8000 | * | congestion | |
R2 | 83.9850 | ** | 5, 12 Sep all-time high | S3 | 83.7550 | ** | 20 Aug low | |
R1 | 83.9800 | * | 7 Oct high | S4 | 83.6650 | * | Jun high |
Asterisk denotes strength of level
05:15 GMT - Little change, as prices drift narrowly below the 83.9850, September all-time high. However, while the latter caps scope is seen for corrective pullback to unwind the overbought daily studies. Would take break of the 83.9000 level to open up deeper pullback to the strong support at the 83.8000 level and the 83.7550, 20 August low. Break of the latter will fade the upside pressure and see room for deeper pullback to retrace strong rally from the 83.4400, September low. Meanwhile, break of the 83.9850 high, if seen, will extend the underlying bull trend to target the 84.0000 figure.