The sequence of lower daily highs continues following on from Monday’s dip, as fresh 2015 and 6+ year highs Thursday reconfirmed the bullish bias. Immediate focus remains on the 3456.8-3467.5 region where the rising daily trend line extension are located. The 3321.6 support remains key with bears needing a close below to ease bullish pressure and shift focus back to key DMAs 3155.9-3218.3.
RES 4: 3493.9 Bollinger band top
RES 3: 3467.5 Rising daily trend line extension
RES 2: 3456.8 Monthly High Aug 2008
RES 1: 3433.5 2015 High Feb 12
PREVIOUS CLOSE: 3417.5
SUP 1: 3327.2 21-DMA
SUP 2: 3321.6 Low Feb 9
SUP 3: 3261.8 Low Jan 22
SUP 4: 3212.4 55-DMA
