Sharply higher to reach towards the 1990 multi-year highs at 160.25/160.40 before reversing from the 160.20 intraday high
Levels | Imp | Comment | Levels | Imp | Comment | |||
---|---|---|---|---|---|---|---|---|
R4 | 160.25/40 | ** | April 1990 year high | S1 | 155.00 | * | congestion | |
R3 | 160.20 | ** | intraday high | S2 | 154.80 | * | 16 Apr high | |
R2 | 159.55 | intraday congestion | S3 | 154.00 | * | congestion | ||
R1 | 158.44 | * | 29 Apr high | S4 | 153.00 | * | congestion |
Asterisk denotes strength of level
05:00 GMT - Sharply higher to reach towards the 1990 multi-year highs at 160.25/160.40 before reversing from the 160.20 intraday high. Pullback through the 158.44 high of Friday has seen sharp follow-through to approach the 155.00 congestion. This and the 16 April high at 154.80 now marks strong support and break here is needed to trigger deeper pullback to retrace the strong gains from 146.48, March low. Meanwhile, resistance at 158.44 now expected to cap and only break here will expose the 160.20 high to retest.