The $94.45 resistance level confirmed its significance on Tuesday with the rally remaining capped ahead of this level. Bulls continue to look for a close above $94.45 to confirm an easing of bearish pressure. Overall bulls need a close above the 200-DMA ($96.51) to end bearish hopes and hint at a bigger bounce that initially targets $99.38-83. While $94.45 caps immediate focus remains on last week’s low and then the daily channel base
RES 4: $95.84 – Low Aug 13 now resistance
RES 3: $95.51 – 21-DMA
RES 2: $95.38 – High Aug 15
RES 1: $94.45 – High Aug 21
LPRICE: $93.91
SUP 1: $93.35 – Low Aug 26
SUP 2: $92.50 – Low Aug 21
SUP 3: $92.02 – Bollinger band base
SUP 4: $90.54 – Monthly low Feb 3