G15 remains heavy with the fresh 2014 and 5+ year lows confirming immediate focus on the Bollinger band base and overall focus on the $42.42-46.72 region where the falling daily channel base is located. Initial resistance remains at $55.11 but bulls now need a close above $56.59 to ease bearish pressure. Overall a close above $59.27 is needed to hint at a bigger bounce targeting the $65.61-69.63 region where falling daily trend lines are located.
RES 4: $62.25 – Low Dec 9 now resistance
RES 3: $59.27 – High Dec 17
RES 2: $56.59 – High Dec 26
RES 1: $55.11 – High Jan 2
LPRICE: $50.21
SUP 1: $49.09 – Bollinger band base
SUP 2: $46.72 – Monthly Low Apr 2009
SUP 3: $42.42 – Falling daily channel base
SUP 4: $37.12 – 2009 Low Feb 2009
