The bearish close and hesitation ahead of the 3302.9-3316.8 region is a little concerning for bulls. A close below 3232.4 remains needed to ease the renewed bullish pressure and shift focus to the layers of support in the 3107.7-3186.1 region that includes key DMAs. While 3232.4 supports bulls favour a break higher with initial focus remaining on the 2014 highs and rising channel top
RES 4: 3321.8 Daily Bollinger band top
RES 3: 3316.8 Rising daily channel top
RES 2: 3302.9 2014 High Sept 19
RES 1: 3278.6 High Dec 5
PREVIOUS CLOSE: 3248.1
SUP 1: 3232.4 Hourly support Dec 5
SUP 2: 3186.1 Low Dec 4
SUP 3: 3169.9 Alternating daily support/resistance
SUP 4: 3158.4 200-DMA
