Break above the 1360.00 level further extend gains from the September low to reach resistance at the 1364.00/1366.00 area
Levels | Imp | Comment | Levels | Imp | Comment | |||
---|---|---|---|---|---|---|---|---|
R4 | 1385.00 | * | congestion | S1 | 1360.00 | * | congestion | |
R3 | 1380.00 | * | Aug high | S2 | 1355.00 | * | congestion | |
R2 | 1370.00 | ** | 12 Jul low | S3 | 1350.00 | ** | Jan high, congestion | |
R1 | 1366.00 | * | 15 Aug high | S4 | 1340.00 | * | 23 Sep high |
Asterisk denotes strength of level
02:50 GMT - Break above the 1360.00 level further extend gains from the September low to reach resistance at the 1364.00/1366.00 area. Beyond this will see room to the strong resistance at 1370.00, 12 July low. The latter expected to cap and lower high sought for pullback to unwind the deep overbought intraday and daily studies. Meanwhile, support is raised to the 1360.00 level and break here will open up deeper pullback to retrace strong gains from the 1304.00 low of September to support at the 1355.00/1350.00 area.