The sharp pullback from ahead of last week’s highs closed below the 21-DMA, easing bullish pressure with immediate focus now returning to the 100-DMA. Bears now need to see a close below the 100-DMA to end bullish hopes and see the immediate focus shift lower to the 200-DMA and overall focus to June monthly lows. Bulls now need a close above the 21-DMA to ease the pressure on the 100-DMA
RES 4: $1339.6 – High July 11
RES 3: $1333.7 – Low July 11 now resistance
RES 2: $1323.5 – Hourly resistance July 14
RES 1: $1315.7 – 21-DMA
LPRICE: $1307.3
SUP 1: $1304.3 – 100-DMA, Rising daily trend line
SUP 2: $1292.7 – 55-DMA, 50.0% Fibo 1241.5-1345.3
SUP 3: $1285.6 – 200-DMA, Bollinger band base
SUP 4: $1276.0 – Low June 19