The move above the previous 3062.2 resistance level provides bulls with a glimmer of hope when combined with correcting O/S daily studies but a close above Thursday’s high is now needed to confirm an easing of bearish pressure. This would then shift focus to the 3112.1-3128.6 region where 21 & 200-DMAs are located. Bears now look for a close below 3032.0 to reconfirm bearish pressure and target 2014 lows.
RES 4: 3128.6 200-DMA
RES 3: 3105.4 Hourly resistance Aug 1
RES 2: 3095.1 High Aug 5
RES 1: 3072.3 High Aug 14
PREVIOUS CLOSE: 3058.0
SUP 1: 3032.0 Low Aug 14
SUP 2: 3017.6 Low Aug 12
SUP 3: 2971.5 Monthly Low Mar 14
SUP 4: 2944.1 2014 Low Feb 4