The $1242.7 level remains key resistance with bulls needing a close above to confirm an easing of bearish pressure. The failure ahead of $1242.7 saw fresh 8 month lows last week & immediate focus on the $1180.2-1201.9 region where 2013 and 2014 lows are located. Key concerns for bears come from O/S daily studies with the Bollinger band bases likely to limit follow through below $1195 for now.
RES 4: $1277.5 – High Sept 4
RES 3: $1258.6 – High Sept 9
RES 2: $1242.7 – Hourly resistance Sept 11
RES 1: $1234.2 – High Sept 23
LPRICE: $1218.1
SUP 1: $1206.9 – Low Sept 22
SUP 2: $1201.9 – 2014 Low Jan 1
SUP 3: $1182.4 – Monthly Low Dec 31 2013
SUP 4: $1180.2 – 2013 Low June 28 2013