Fresh 2015 and 6+ year highs continue with the Bollinger band top moderating the rally. Initial support is noted at Friday’s low with bears needing a close below to ease bullish pressure a little and shift focus back to 3495.3. A close below 3495.3 is then needed to hint at a deeper correction with below 3439.2 initially targeting Feb monthly lows (3321.6). Bulls continue to focus on the 3900.3-3905.5 region last seen in H1 2008.
RES 4: 3905.5 Monthly High Feb 4 2008
RES 3: 3900.3 Monthly High May 2 2008
RES 2: 3790.5 High May 30 2008
RES 1: 3662.3 Low June 5 2008 now resistance
PREVIOUS CLOSE: 3599.0
SUP 1: 3563.2 Low Feb 27
SUP 2: 3529.1 Low Feb 25
SUP 3: 3495.3 High Feb 19 now support
SUP 4: 3448.9 21-DMA
