Still pressuring the upside with break to fresh high reaching new 34-year peak at 154.85
Levels | Imp | Comment | Levels | Imp | Comment | |||
---|---|---|---|---|---|---|---|---|
R4 | 155.80 | ** | 25 Jun 1990 high | S1 | 154.00 | * | congestion | |
R3 | 155.15 | * | 13 Jun 1990 high | S2 | 153.00 | * | congestion | |
R2 | 155.00 | ** | figure | S3 | 152.60 | * | 12 Apr low | |
R1 | 154.85 | * | 22 Apr YTD high | S4 | 152.00 | ** | congestion |
Asterisk denotes strength of level
00:50 GMT - Still pressuring the upside with break to fresh high reaching new 34-year peak at 154.85. Nearby see resistance at the 155.00/155.15 and break here will see room for extension to the 155.80, June 1990 high. Meanwhile, support is at the 154.00 level and where break is needed to see room for deeper pullback to unwind the overbought daily studies. Break here will open up deeper pullback to correct strong run-up from the 146.48, March low. Lower will see scope to the 153.00/152.60 area then the 152.00 level.