Limited above the 102.00 level as prices unwind stretched intraday studies from the 102.45 high
Levels | Imp | Comment | Levels | Imp | Comment | |||
---|---|---|---|---|---|---|---|---|
R4 | 105.40 | ** | Apr 2013 year high | S1 | 100.80 | * | 9 Apr high | |
R3 | 104.95 | ** | 29 Apr YTD high | S2 | 100.00 | * | congestion | |
R2 | 103.00/48 | * | congestion, 26 Apr high | S3 | 99.00 | * | Feb high | |
R1 | 102.00 | * | congestion | S4 | 98.60 | ** | Nov 2023 year high |
06:35 GMT - Limited above the 102.00 level as prices unwind stretched intraday studies from the 102.45 high. However, positive daily studies suggest scope for stronger bounce and clear break above the 102.00 level will see scope to the 103.00/48 resistance. Corrective gains are expected to give way to selling pressure later and break of the 100.80/100.00 support will further extend losses from the 104.95 high. Lower will see room to the 99.00 level then the strong support at the 98.60, November 2023 year high.