G15 remains heavy with the fresh 2014 and 5+ year lows ending hopes of a correction, seeing overall bearish focus having shifted to the $46.72-49.67 region and the Bollinger band base expected to limit follow through. Bulls need a close above $56.59 to ease bearish pressure and above $59.27 to confirm a break of the 21-DMA and 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
ДPRICE: $53.95
SUP 1: $52.44 – 2014 Low Dec 31
SUP 2: $49.67 – Bollinger band base
SUP 3: $46.72 – Monthly Low Apr 2009
SUP 4: $43.51 – Falling trend line projection
