Settled back in consolidation below the 150.00 level from the 150.32 high as prices as prices unwind the overbought intraday and daily studies
Levels | Imp | Comment | Levels | Imp | Comment | |||
---|---|---|---|---|---|---|---|---|
R4 | 152.00 | ** | congestion | S1 | 148.85 | 15 Oct low | ||
R3 | 150.90 | * | Feb high | S2 | 148.00 | * | congestion | |
R2 | 150.75 | * | 50% Jul/Sep fall | S3 | 147.35 | * | 8 Oct low | |
R1 | 150.32 | ** | 17 Oct high | S4 | 146.00 | ** | congestion |
Asterisk denotes strength of level
00:50 GMT - Settled back in consolidation below the 150.00 level from the 150.32 high as prices as prices unwind the overbought intraday and daily studies. Pullback see support starting at the 159.00/158.85 area and break here will open up room to the 148.00 congestion and 147.35 support. Break here will see deeper pullback to the strong support at the 146.50/146.00 area. Meanwhile, resistance at the 150.00/32 area now expected to cap. Break here will further extend gains to the strong resistance at the 150.75/150.90, 50% Fibonacci level and Feb high.