The recent hesitation ahead of the $1170.8 support resulted in a spike higher which managed to marginally close above the 21 & 55-DMAs. Consolidation above these DMAs today provides bulls with added comfort with focus now having shifted to the $1213.8-1240.6 region. Layers of support have accumulated with bears needing a close below $1190.8 to ease bullish pressure and shift focus back to the key $1170.8 support.
RES 4: $1240.6 – Low Oct 22 now resistance
ES 3: $1224.3 – High Dec 15
RES 2: $1220.1 – 100-DMA
RES 1: $1213.8 – High Dec 18
LPRICE: $1202.0
SUP 1: $1197.4 – Hourly support Dec 30
SUP 2: $1190.8 – Hourly resistance Dec 30 now support
SUP 3: $1178.7 – Low Dec 29
SUP 4: $1170.8 – Low Dec 22
