The market is signaling a short term turnaround and hints for rallies to 103.81. Near term action is pulling back into a correction, cautioning for a slip into basing congestion at 102.79. Only a close under 102.79 rekindles bear trend forces. A bounce off 103.81 and complete retracement of Friday’s range will rekindle bull trending action.

R2         103.81
R1         103.53

 
S1         103.07
S2         102.79