Yet another sharp move lower and bearish close sees the immediate focus on layers of support in the 2965.6-2976.4 region where the 61.8% Fibo and 100-WMA are located while overall focus remains on the 2014 low (2789.6). Layers of resistance have accumulated 3057.2-3199.2 with bulls needing a close above 3057.2 to ease bearish pressure and above the 55-DMA to shift focus to the 3126.4-3199.2 region
RES 4: 3176.9 Hourly resistance Dec 12
RES 3: 3130.2 Hourly resistance Dec 12
RES 2: 3098.0 55-DMA
RES 1: 3057.2 Hourly support Dec 15 now resistance
PREVIOUS CLOSE: 2982.7
SUP 1: 2976.4 61.8% Fibonacci 2789.6-3278.6
SUP 2: 2974.3 100-WMA
SUP 3: 2965.6 Low Oct 30
SUP 4: 2914.3 Weekly Bollinger band base
