The close above the previous $94.45 resistance Thursday eases bearish pressure and provides bulls with a glimmer of hope. Immediate focus now shifts to the $95.38-84 region with bulls needing a close above to hint at further topside and a close above the 200-DMA to confirm a shift in focus to the $97.78-99.36 region. While $95.84 caps bears hold onto hopes of a break lower with below $93.35 needed to reconfirm bearish pressure.
RES 4: $96.54 – 200-DMA
RES 3: $95.84 – Low Aug 13 now resistance
RES 2: $95.38 – High Aug 15
RES 1: $95.16 – 21-DMA
LPRICE: $94.77
SUP 1: $94.48 – Hourly support Aug 29
SUP 2: $93.35 – Low Aug 26
SUP 3: $92.50 – Low Aug 21
SUP 4: $92.17 – Bollinger band base