Sharply higher to extend bounce from the 1340.00 support to reach the 1360.00 level
Levels | Imp | Comment | Levels | Imp | Comment | |||
---|---|---|---|---|---|---|---|---|
R4 | 1370.00 | ** | 12 Jul low | S1 | 1350.00 | * | 11 Oct low | |
R3 | 1366.00 | * | 15 Aug high | S2 | 1340.00 | * | 23 Sep high | |
R2 | 1364.00 | ** | 4 Oct 2023 year high | S3 | 1330.00 | * | congestion | |
R1 | 1360.00 | ** | 61.8% Apr/Sep fall | S4 | 1325.00 | 2 Oct high |
Asterisk denotes strength of level
02:30 GMT - Sharply higher to extend bounce from the 1340.00 support to reach the 1360.00 level. Pressure remains on the upside and break here will see room to the 1364.00/1366.00 area then the strong resistance at 1370.00 level. However, gains are seen corrective and expected to give way to selling pressure later. Meanwhile, support is raised to the 1350.00/1345.00 area then the 1340.00 congestion which now underpin. Would take break here to return focus to the downside to retrace strong gains from the 1304.00 low.