Pressure has once again returned to the initial support region 3026.6-3028.3 where the 21-DMA is located following another failure ahead of the 3123.2-3169.9 resistance region. Bears continue to look for close below the 21-DMA to confirm an easing of bullish pressure and shift overall focus back to the 2014 low. While the 21-DMA supports a bullish bias remains but bulls need a close above 3169.9 to confirm dominance and target 2014 highs.
RES 4: 3169.9 High Oct 6
RES 3: 3151.6 200-DMA
RES 2: 3134.2 100-DMA
RES 1: 3123.2 55-DMA
PREVIOUS CLOSE: 3047.0
SUP 1: 3028.3 Low Nov 4
SUP 2: 3026.6 21-DMA
SUP 3: 2965.6 Low Oct 30
SUP 4: 2906.0 Low Oct 21