bottomed exactly at first support at 7345/35. Further losses today meet best support at 7310/00. Longs need stops below 7290. A break lower is a sell signal targeting 7260/50.
Minor resistance at 7370/75. Important resistance at the September recovery high at 7408/13. Shorts need stops above 7425. A break higher is a buy signal targeting 7440, 7555/65 and 7480/85.
holding above 7040 eventually targets 7090/7100 and resistance at 7140/50 for profit taking on longs. We will watch for a sell signal here.
First support at 7040/30. Longs need stops below 7020. A break lower targets 7000/95.
- Weekly Outlook Neutral
- Daily Outlook Positive
- Short Term Outlook Positive
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