Leaning lower from the 84.0750 all-time high
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 | 84.0750 | ** | 14 Oct all-time high | S4 | 83.7550 | ** | 20 Aug low |
Asterisk denotes strength of level
05:20 GMT - Leaning lower from the 84.0750 all-time high as prices unwind the deeper overbought daily studies. Pullback see pressure returning to the 84.0000 level and break here and the 83.9850 support will fade the upside pressure and see room for deeper correction to the 83.9000 congestion. Below the latter will open up deeper pullback to the strong support at the 83.8000/83.7550 area. Meanwhile, resistance at the 84.0750 high expected to cap. Break here, if seen, will see room for extension to target the 84.1000 figure.