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 shifts focus back to the 1157.9-1158.2 region where the 100-DMA is located. While $1183.1 caps bears favour a break lower and remain focused on the 2014 low at $1130.0 and then the $1000.0-1045.5 region where the 2010 low is located.
RES 4: $1219.3 – 55-DMA
RES 3: $1207.9 – Hourly resistance Oct 30
RES 2: $1196.2 – Hourly support Oct 31 now resistance, 21-DMA
RES 1: $1183.1 – Low Oct 3 now resistance
PRICE: $1162.4
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: $1045.5 – 2010 Low Feb 5 2010