Turned up in consolidation above 193.55 support as prices unwind oversold intraday studies
Levels | Imp | Comment | Levels | Imp | Comment | |||
---|---|---|---|---|---|---|---|---|
R4 | 201.80 | * | 21 Aug 2008 low | S1 | 193.55 | * | Mar high | |
R3 | 200.55 | ** | 29 Apr YTD high | S2 | 192.00 | congestion | ||
R2 | 198.00 | * | congestion | S3 | 191.30 | * | Feb high | |
R1 | 196.00 | * | congestion | S4 | 190.00 | * | Apr low, congestion |
Asterisk denotes strength of level
07:10 GMT - Turned up in consolidation above 193.55 support as prices unwind oversold intraday studies. However, daily studies still weak and suggest break here to further extend losses from the 200.55 high. Clear break of the 192.00 level will seeroom to the 191.30 support then the 190.00 level. Below these will see room to the strong support at the 188.65, November 2023 year high. Meanwhile, resistance at the 196.00/198.00 congestion area now expected to cap and sustain losses from the April YTD high.