Pressure remains firmly on the upside to reach fresh high at 154.45
Levels | Imp | Comment | Levels | Imp | Comment | |||
---|---|---|---|---|---|---|---|---|
R4 | 155.80 | ** | 25 Jun 1990 high | S1 | 153.00 | * | congestion | |
R3 | 155.15 | * | 13 Jun 1990 high | S2 | 152.00 | * | congestion | |
R2 | 155.00 | * | figure | S3 | 151.00 | * | figure | |
R1 | 154.45 | * | 15 Apr YTD high | S4 | 150.88 | ** | Feb high |
Asterisk denotes strength of level
00:50 GMT - Pressure remains firmly on the upside to reach fresh high at 154.45 and break here will see room for extension to the 155.00/155.15 area. Beyond this, but out of reach for now, will see scope to the 155.80 high of June 1990. The stretched intraday and daily studies caution corrective pullback though the downside looks to be well protected with support raised to the 153.00 congestion. Only break here will fade the upside pressure and open up deeper corrective pullback to the strong support at the 152.00/151.91, previous highs.