Bounces from recent dips combined with correcting previously O/S daily studies are hinting at a retest of the key 3095.1-3128.6 resistance region where key DMAs and 38.2% Fibonacci are located. Bears look for a close above the 21-DMA to confirm an easing of bearish pressure and above the 200-DMA to shift immediate focus to the 3163.7-3190.2 region where the falling daily trend line, 55-DMA & 100-DMAs are located. While the 21-DMA caps bears target 2971.5.
RES 4: 3128.6 200-DMA
RES 3: 3105.4 Hourly resistance Aug 1
RES 2: 3101.9 21-DMA
RES 1: 3095.1 High Aug 5
LPREVIOUS CLOSE: 3073.3
SUP 1: 3056.6 Low Aug 18
SUP 2: 3028.6 Low Aug 5
SUP 3: 3017.6 Low Aug 12
SUP 4: 2971.5 Monthly Low Mar 14