The sequence of lower daily highs continued Friday with a move back towards the Aug monthly low and a relatively bearish close being the end result. Bulls now need a close above $94.99 to confirm a break back above the 21-DMA and ease bearish pressure whereas a close above the 200-DMA ($96.59) is needed to hint at further topside. For now, bears dominate and target the Feb monthly lows at $90.54
RES 4: $96.00 – High Aug 29
RES 3: $94.99 – High Sept 5
RES 2: $94.04 – Previous hourly support now resistance
RES 1: $93.62 – Hourly resistance Sept 8
LPRICE: $93.25
SUP 1: $92.86 – Low Sept 5
SUP 2: $92.68 – Low Sept 2
SUP 3: $92.50 – Monthly Low Aug 21
SUP 4: $91.82 – Bollinger band base