The $1185.1-1192.3 support region remains key with the bounce from ahead of this region and relatively bullish close Wednesday seeing immediate focus confirmed on the $1222.5 resistance level. Bulls look for a close above this level to reconfirm bullish pressure and shift immediate focus to the $1238.9-1258.5 region. Bears need a close below $1092.3 to hint at a shift in focus back to 2014 lows with a close below $1185.1 needed to confirm.
RES 4: $1238.9 – 100-DMA
RES 3: $1222.5 – Low Oct 28 now resistance
RES 2: $1213.6 – High Dec 2
RES 1: $1210.7 – Hourly resistance Dec 2
LPRICE: $1206.1
SUP 1: $1192.3 – Hourly support Dec 1
SUP 2: $1185.1 – Hourly resistance Dec 1 now support
SUP 3: $1169.1 – Hourly support Dec 1
SUP 4: $1142.8 – Low Dec 1
