Immediate focus remains on the $1319.2-1345.0 region last seen in July/Aug 2014. Layers of support remain with bears needing a close below $1282.1 to ease bullish pressure and below $1266.7 to shift focus back to the $1244.6-1252.5 region where the 200-DMA is located. Daily studies remain O/B and the Bollinger top is limiting follow through but while $1282.1 supports a bullish bias dominates.
RES 4: $1345.3 – Monthly High July 10
RES 3: $1324.7 – High July 17
RES 2: $1319.2 – High Aug 14
RES 1: $1305.2 – 2015 High Jan 21
LPRICE: $1292.5
SUP 1: $1282.1 – High Jan 16 now support
SUP 2: $1266.7 – Hourly resistance Jan 16 now support
SUP 3: $1252.5 – 200-DMA
SUP 4: $1244.6 – High Jan 14 now support
