The $1183.1 resistance level remains key with bulls needing a close above to confirm an easing of bearish pressure whereas a close above the 21-DMA is then needed to hint at a sustained move higher that initially targets the 55-DMA ($1221.7) and then the 100-DMA ($1259.5). While $1183.1 caps bears favour a break lower and remain focused on the 2014 low then the psychological $1000.0 level.
RES 4: $1207.9 – Hourly resistance Oct 30
RES 3: $1200.7 – 21-DMA
RES 2: $1196.2 – Hourly support Oct 31 now resistance
RES 1: $1183.1 – Low Oct 3 now resistance
LPRICE: $1163.7
SUP 1: $1130.0 – 2014 Low Nov 7
SUP 2: $1124.2 – Low Apr 19 2010
SUP 3: $1085.3 – Monthly Low Mar 24 2010
SUP 4: $1000.0 – Psychological support