Bounces from recent dips combined with correcting previously O/S daily studies have resulted in a rally back towards the key 3095.1-3128.9 region where key DMAs and the 38.2% Fibonacci retracement are located. Bulls need a close above the 21-DMA to confirm an easing of bearish pressure and above the 200-DMA to shift immediate focus to the 3163.7-3187.6 region where the falling daily trend line, 55-DMA & 100-DMA are located.
RES 4: 3128.9 200-DMA
RES 3: 3105.4 Hourly resistance Aug 1
RES 2: 3099.7 21-DMA
RES 1: 3095.2 High Aug 19
PREVIOUS CLOSE: 3091.0
SUP 1: 3083.3 Hourly support Aug 19
SUP 2: 3056.6 Low Aug 18
SUP 3: 3028.6 Low Aug 5
SUP 4: 3017.6 Low Aug 12