Break above the 215.00 February high see prices extending the underlying bull trend from 2011 low
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 220.00 | * | congestion | S1 | 215.00 | * | Feb high | |
| R3 | 219.30 | ** | Aug 2007 yr low | S2 | 213.30 | * | Mar high | |
| R2 | 217.60 | ** | Jan 2008 yr high | S3 | 212.00 | * | congestion | |
| R1 | 216.00 | * | Jul 2008 high | S4 | 210.80 | 16, 19 Mar lows |
Asterisk denotes strength of level
07:15 GMT – Break above the 215.00 February high see prices extending the underlying bull trend from 2011 low. Higher will see room for further extend gains within the bull channel from the April 2025 year low to the 216.00 high of July 2008 high and the 217.50, January 2008 year high. Meanwhile, support is raised to 215.00/213.30, February and March highs which should underpin. Would take break here to fade the upside pressure and see room for deeper pullback to retrace gains from 207.50 February current year low.
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