The $84.08 resistance level remains key this week with bulls needing a close above to shift immediate focus back to the 21-DMA. A close above the 21-DMA would hint at a bigger correction targeting the 200-DMA at $94.47. While $84.08 caps bears retain the upper hand and remain focused on the yearly lows in the $75.15-79.10 region overall
RES 4: $85.64 – 21-DMA
RES 3: $85.56 – High Oct 10
RES 2: $84.95 – 38.2% Fibonacci 94.42-79.10
RES 1: $84.08 – High Oct 16
LPRICE: $81.59
SUP 1: $80.05 – Low Oct 23
SUP 2: $79.10 – 2014 Low Oct 16
SUP 3: $77.28 – 2012 Low June 2012
SUP 4: $75.15 – 2011 Low Oct 2011