Time spent above the 21-DMA was brief with the close below reconfirming bearish pressure and seeing focus return to the $89.56 Sept 11 low. Bulls need a close above the 21-DMA to ease the bearish pressure and above $94.12 to hint at a bigger bounce although that brings $95.07-88 into the picture. A close below $90.50 would add weight to the bearish case as X14 has not looked comfortable below this level
RES 4: $95.07 – High Aug 29
RES 3: $94.44 – Falling daily trend line
RES 2: $94.12 – High Sept 16
RES 1: $92.81 – 21-DMA
LPRICE: $91.87
SUP 1: $91.52 – Low Sept 16
SUP 2: $90.69 – Bollinger band base
SUP 3: $90.30 – Weekly Bollinger band base
SUP 4: $89.56 – Low Sept 11