Once again the contract was unable to capitalize on a close above the 21-DMA ($92.53) with X14 remaining capped at the falling daily trend line off June highs Thursday. Bears need a close below $92.05 to reconfirm bearish pressure and shift immediate focus back to the $89.56 level. Bulls need a close above $94.12 to confirm a break of the falling daily trend line and bullish pressure, shifting immediate focus to the $95.07-95.78 region
RES 4: $95.31 – High Sept 16
RES 3: $95.07 – High Aug 29
RES 2: $94.12 – High Sept 16
RES 1: $93.70 – Falling daily trend line
LPRICE: $92.97
SUP 1: $92.05 – Low Sept 25
SUP 2: $90.41 – Low Sept 22
SUP 3: $90.30 – Bollinger band base
SUP 4: $89.56 – Low Sept 11