The lack of follow through on rallies remains a concern for bulls but bears continue to look for a close back below $1302.0 to confirm a break of the 21-DMA and ease bullish pressure whereas a close below the 100-DMA is needed to return immediate focus to the $1280.1 Aug 1 low. While the $1302.0 level supports bulls retain the upper hand with a close above $1324.8 needed to add further support to the case for a retest of the $1345.3 July highs.
RES 4: $1345.3 – Monthly high July 10
RES 3: $1333.7 – Low July 11 now resistance
RES 2: $1324.8 – High July 17
RES 1: $1322.8 – High Aug 8
LPRICE: $1309.0
SUP 1: $1305.2 – Low Aug 11
SUP 2: $1302.0 – Low Aug 7
SUP 3: $1296.1 – 100-DMA
SUP 4: $1287.3 – Rising daily trend line June/Aug lows