Bearish dominance was reconfirmed Wednesday with the sell-off that saw a dip below the Bollinger band base and fresh 7 month lows. Bears remain firmly focused on the 2014 low despite daily studies approaching O/S levels and the proximity of the Bollinger band base. Bulls now need a close above $0.9303 to confirm an easing of bearish pressure whereas a close above the 200-DMA would shift initial focus to the $97.72-98.79 region
RES 4: $94.16 – Low Sept 4 now resistance
RES 3: $93.94 – Hourly resistance Sept 9
RES 2: $93.03 – High Sept 10
RES 1: $91.93 – Hourly resistance Sept 11
LPRICE: $91.77
SUP 1: $91.32 – Bollinger band base
SUP 2: $91.22 – Low Sept 10
SUP 3: $90.54 – Monthly Low Feb 3
SUP 4: $90.69 – 2014 Low Jan 13