Thursday’s rally to fresh 4 month highs and close above the $1332-1334 region confirms a break of the 61.8% Fibo and the recent range highs with focus confirmed on the 2014 high. Layers of support are noted on the hourlies with bears needing a close below $1321.5 to ease bullish pressure and a close below the 100-DMA ($1304.8) needed to end bullish hopes and target the 200-DMA ($1285.7).
RES 4: $1391.8 – 2014 High Mar 17
RES 3: $1367.6 – High Mar 18
RES 2: $1359.7 – High Mar 19
RES 1: $1349.9 – Bollinger band top
LPRICE: $1337.1
SUP 1: $1332.3 – High July 1 now support
SUP 2: $1326.5 – Hourly support July 10
SUP 3: $1321.5 – Hourly support July 9
SUP 4: $1312.5 – 21-DMA