Friday’s choppy price action saw the pair dip back towards the base of the triangle on the daily chart. Bulls look for a close above $1324.8 to confirm a break to the topside with focus then shifting to the $1345.3 July monthly high. Bears really need a close below $1280.1 Aug 1 lows to confirm a break to the downside with focus then shifting to the $1240.5 June low. Bollinger bands are noted $1284.7 & $1320.4 and may limit follow through.
RES 4: $1333.7 – Low July 11 now resistance
RES 3: $1324.8 – High July 17
RES 2: $1322.8 – High Aug 8
RES 1: $1317.7 – Falling triangle top
LPRICE: $1301.0
SUP 1: $1296.6 – 100-DMA
SUP 2: $1292.4 – Low Aug 15
SUP 3: $1290.9 – Rising triangle base
SUP 4: $1280.1 – Low Aug 1