The recovery from ahead of the 2014 and 4 year lows appears to have ended with the failure ahead of the 21-DMA Friday followed up with the bearish closes having returned focus to 2014 lows. Bulls continue to look for a close above the key $78.08 resistance level to hint at a shift in direction that potentially targets the $82.71-83.58 region. Fresh 2014 lows shift immediate focus to the $70.76 Aug 2010 monthly low.
RES 4: $79.85 – High Nov 10
RES 3: $78.08 – High Nov 12
RES 2: $77.04 – 21-DMA
RES 1: $75.45 – Low Nov 24 now resistance
LPRICE: $74.15
SUP 1: $73.22 – 2014 Low Nov 14
SUP 2: $72.56 – Bollinger band base
SUP 3: $71.53 – Weekly Low Aug 2010
SUP 4: $70.76 – Monthly Low Aug 2010
