Break above the September high at 83.9850 further extend the underlying bull trend through the 84.0000 figure to reach fresh all-time high at 84.0725
Level | Comment | Level | Comment | |||||
---|---|---|---|---|---|---|---|---|
R4 | 84.4900 | projection | S1 | 83.9850 | * | Sep high | ||
R3 | 84.2660 | projection | S2 | 83.9000 | * | congestion | ||
R2 | 84.1000 | figure | S3 | 83.8000 | * | congestion | ||
R1 | 84.0725 | ** | intraday high | S4 | 83.7550 | ** | 20 Aug low |
Asterisk denotes strength of level
05:15 GMT - Break above the September high at 83.9850 further extend the underlying bull trend through the 84.0000 figure to reach fresh all-time high at 84.0725. Beyond this will see room for extension to the 84.1000 figure. Gains beyond this, if seen, will see room to projection target t 84.2660 and 84.4900 level. However, deep overbought daily studies caution corrective pullback with support now raised to the 84.0000/83.9850 area. Would take break here to fade the upside pressure and see room for deeper correction to the strong support at the 83.9000/83.8000 area.