The $83.26-84.08 resistance region is key with bulls needing a close above $83.26 to ease bearish pressure and above $84.08 to confirm a break of the 21-DMA and hint at a bigger bounce initially targeting the 55-DMA ($88.98). While $83.26 caps immediate focus remains on the 2014 low, with a break lower confirming overall focus on the $75.15-77.28 region where 2011 & 2012 lows are located.
RES 4: $84.95 – 38.2% Fibonacci 94.42-79.10
RES 3: $84.08 – High Oct 16
RES 2: $83.73 – 21-DMA
RES 1: $83.26 – High Oct 21
LPRICE: $81.89
SUP 1: $81.44 – Low Oct 29
SUP 2: $79.10 – 2014 Low Oct 16
SUP 3: $77.28 – 2012 Low June 2012
SUP 4: $75.15 – 2011 Low Oct 2011