The recovery from ahead of the 2014 and 4 year lows appears to have ended with the failure ahead of the 21-DMA Friday followed up with the bearish close Monday and focus having returned to 2014 lows. Bulls continue to look for a close above the key $78.08 resistance level to hint at a shift in direction that potentially targets the $82.71-83.58 region. The Bollinger band base remains the key concern for bears
RES 4: $80.80 – 38.2% Fibonacci 93.07-73.22
RES 3: $79.85 – High Nov 10
RES 2: $78.08 – High Nov 12
RES 1: $77.46 – 21-DMA
LPRICE: $75.71
SUP 1: $73.22 – 2014 Low Nov 14
SUP 2: $73.05 – Bollinger band base
SUP 3: $71.53 – Weekly Low Aug 2010
SUP 4: $70.76 – Monthly Low Aug 2010
