Consolidation below the 200-DMA continued Monday with U14 managing an inside day to start the new week. Bulls now look for a close above $97.78 to confirm a break back above the 200-DMA and an easing of bearish pressure. Overall a close above the 21-DMA is needed to shift immediate focus back to the falling channel top and 100-DMA. While $97.78 caps immediate focus remains on layers of support $94.03-72.
RES 4: $98.83 – 21-DMA
RES 3: $98.67 – High Aug 4 & 5
RES 2: $97.78 – High Aug 13
RES 1: $97.36 – 200-DMA
LPRICE: $96.85
SUP 1: $95.81 – Low Aug 18
SUP 2: $95.26 – Low Aug 14
SUP 3: $94.72 – Falling channel base June 24/July 25 highs
SUP 4: $94.36 – Bollinger band base