The $94.45 resistance level remains key with rallies this week so far stalling ahead of this level and bulls needing a close above $94.45 to confirm an easing of bearish pressure. Overall bulls need a close above the 200-DMA ($96.52) to end bearish hopes and hint at a bigger bounce that initially targets $99.29-51. Bears now look for a close below $93.35 to reconfirm bearish pressure and target $92.50 and then the daily channel base.
RES 4: $95.84 – Low Aug 13 now resistance
RES 3: $95.38 – High Aug 15
RES 2: $95.25 – 21-DMA
RES 1: $94.45 – High Aug 21
LPRICE: $93.71
SUP 1: $93.35 – Low Aug 26
SUP 2: $92.50 – Low Aug 21
SUP 3: $92.09 – Bollinger band base
SUP 4: $90.54 – Monthly low Feb 3