Little change, as prices remains in consolidation at the 1371.00/1370.00 support and congestion area
Levels | Imp | Comment | Levels | Imp | Comment | |||
---|---|---|---|---|---|---|---|---|
R4 | 1410.00 | * | 26 Oct 2022 low | S1 | 1370.00 | * | congestion | |
R3 | 1400.00 | ** | 16 Apr YTD high | S2 | 1363.00 | ** | Oct 2023 year high | |
R2 | 1393.00 | * | 19 Apr high | S3 | 1360.00 | * | congestion | |
R1 | 1380.00 | * | congestion | S4 | 1350.00 | * | Jan high |
Asterisk denotes strength of level
02:25 GMT - Little change, as prices remains in consolidation at the 1371.00/1370.00 support and congestion area. However, negative daily studies suggest scope for break here to further retrace March/April rally. Below this will see room to the strong support at the 1363.00/1360.00, previous highs. Break here, if seen, will see room for deeper pullback to the 1350.00 support at the January high. Meanwhile, resistance is lowered to the 1380.00 congestion and should now cap and sustain losses from the 1400.00 high.