The market is bullish with yesterday’s rally hitting the expected 110.30 target. The formation still suggests advances and a surge over 110.30 implies a run to 110.80. Near term trade may ease back into flagging congestion, but staying over 109.30 keeps trade biased to the upside. A close under 108.80 (SAR) is needed to start a bear turnover.
Resistance 2 110.30
Resistance 1 109.95
Support 1 109.50
Support 2 109.21
Resistance 2 110.30
Resistance 1 109.95
Support 1 109.50
Support 2 109.21
