Little change, as prices extend consolidation beloe the 84.0775 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 | 84.0775 | ** | 18 Oct all-time high | S4 | 83.7550 | ** | 20 Aug low |
Asterisk denotes strength of level
05:10 GMT - Little change, as prices extend consolidation beloe the 84.0775 all-time high. Break here will extend the bullish run-up from the 83.4400 low of September and see room to target the 84.1000 level. Further out will see scope for extensiojn to projection target at 84.2660 and 84.4900. However, overbought daily studies caution corrective pullback with break of the 84.0000/83.9850 support to open up deeper pullback to the 83.9000 congestion. Lower still will see room to the strong support at the 83.8000/83.7550 area.