The break of the triangle that had developed recently combined with the close above the previous $1183.1 resistance level has so far paused at the 21-DMA. Bulls look for a close above $1196.2 to confirm a break of the 21-DMA, ending bearish hopes and shifting overall focus to the $1252.1-1258.5 region. Bears now need a close below $1179.2 to provide some breathing space and place a continuation higher in doubt.
RES 4: $1215.5 – 55-DMA
RES 3: $1207.9 – Hourly resistance Oct 30
RES 2: $1196.2 – Hourly support Oct 31 now resistance
RES 1: $1191.8 – 21-DMA
LPRICE: $1187.7
SUP 1: $1179.2 – Alternating daily support/resistance
SUP 2: $1146.1 – Low Nov 11
SUP 3: $1130.0 – 2014 Low Nov 7
SUP 4: $1124.2 – Low Apr 19 2010