The 21-DMA supported last week with the bounce that followed resulting in fresh 2015 and 6+ year highs Thursday and Friday. The bullish bias currently sees focus on the rising weekly trend line extension around 3571.7 this week. The 3381.3-3439.2 support region remains key with bears needing a close below 3439.2 to ease bullish pressure and below 3381.3 to confirm a break of the 21-DMA, ending bullish hopes and initially targeting 3321.6.
RES 4: 3790.5 High May 30 2008
RES 3: 3583.6 High June 17 2008
RES 2: 3571.7 Rising weekly trend line extension
RES 1: 3495.3 2015 High Feb 19
PREVIOUS CLOSE: 3490.4
SUP 1: 3439.2 Low Feb 19
SUP 2: 3406.9 21-DMA
SUP 3: 3381.3 Low Feb 17
SUP 4: 3321.6 Low Feb 9
