Layers of resistance are accumulating as the recovery from 2014 and 5 year lows Monday is in danger of being completely reversed as immediate focus shifts back to a retest of $63.72 with focus currently on the $62.70-63.72 region. Bulls continue to look for a close above $69.57 to confirm an easing of bearish pressure and shift initial focus back to layers of resistance in the $73.22-78.08 region.
RES 4: $73.22 – 21-DMA
RES 3: $71.89 – Hourly support Nov 27 now resistance
RES 2: $69.57 – Hourly resistance Nov 28
RES 1: $68.23 – High Dec 3
LPRICE: $66.55
SUP 1: $66.09 – Low Dec 3
SUP 2: $63.72 – 2014 Low Dec 1
SUP 3: $62.70 – Weekly Low July 2009
SUP 4: $59.30 – Monthly Low July 2009
