Higher at the open and break to fresh high reached 83.5750 all-time high
Level | Comment | Level | Comment | |||||
---|---|---|---|---|---|---|---|---|
R4 | 83.7000 | * | figure | S1 | 83.4550 | * | 4 Apr high | |
R3 | 83.6550 | * | extension | S2 | 83.4000 | * | congestion | |
R2 | 83.6000 | * | figure | S3 | 83.3550 | * | 27 Dec high | |
R1 | 83.5750 | intraday high | S4 | 83.2740 | * | Sep high |
Asterisk denotes strength of level
05:30 GMT - Higher at the open and break to fresh high reached 83.5750 all-time high before settling back in consolidation. However, further gains not ruled out and higher will see room to the 83.6000 figure. Divergence on the daily studies caution corrective pullback with support raised to 83.4550, recent high. Break here will open up deeper corrective pullback to the 83.4200/83.4000 and 83.3550 support. The latter now underpin and break here is needed to weaken and open up deeper pullback to retrace strong gains from the 82.6485 low.