Further extend break of the 155.00 level to approach the 155.80, June 1990 high
Levels | Imp | Comment | Levels | Imp | Comment | |||
---|---|---|---|---|---|---|---|---|
R4 | 158.00 | * | congestion | S1 | 154.79 | 16 Apr high | ||
R3 | 157.55 | 3 May 1990 low | S2 | 154.00 | * | congestion | ||
R2 | 156.20 | * | 19 Apr 1990 low | S3 | 153.00 | * | congestion | |
R1 | 155.80 | ** | Jun 1990 high | S4 | 152.60 | 12 Apr low |
Asterisk denotes strength of level
01:00 GMT - Further extend break of the 155.00 level to approach the 155.80, June 1990 high. Consolidation below the latter see prices unwinding the deep overbought intraday and daily studies. A later break, if seen, will see room to extend gains to the 156.00/20 resistance. Pullback see support raised to 155.00/154.79 area and where break will open up deeper pullback to unwind the deep overbought daily and weekly studies. Lower will see room to correct strong run-up from the March low and see scope to the 154.00 level then the 153.00/152.60 area.