Consolidating at the 102.00 but further gains not ruled out to extend gains from the 100.00 level
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 | 102.50 | * | congestion | S4 | 98.60 | ** | Nov 2023 year high |
07:00 GMT - Consolidating at the 102.00 but further gains not ruled out to extend gains from the 100.00 level. Positive daily studies suggest scope for higher and clear break above the 102.00 level will see scope to the 103.00/48 resistance. However, gains seen corrective and expected to give way to selling pressure later to retest the 100.80 and 100.00 support. Break of the latter will further extend losses from the 104.95 high and see room to the 99.00 level then the strong support at 98.60, the November 2023 year high.