G15 is again looking heavy with the fresh 2014 and 5+ year lows ending hopes of a correction and seeing bearish focus having shifted to the $45.24-46.72 region although the Bollinger band base is expected to limit follow through. Bulls now need a close above $56.59 to ease bearish pressure and above $59.27 to hint at a correction that initially targets the $65.61-69.63 region where falling daily trend lines are located.
RES 4: $64.20 – High Dec 9
RES 3: $62.25 – Low Dec 9 now resistance
RES 2: $59.27 – High Dec 17
RES 1: $56.59 – High Dec 26
LPRICE: $53.41
SUP 1: $52.90 – 2014 Low Dec 29
SUP 2: $49.82 – Bollinger band base
SUP 3: $46.72 – Monthly Low Apr 2009
SUP 4: $45.24 – Falling daily channel base
