[B]BIAS[/B]: It looks like we'll see 76.35-42 again before lower
[B]MAIN ANALYSIS[/B]: A drift lower yesterday but stalling above the 76.02 low and from there a modestly firmer move higher that looks pretty much as if we'll see price recycle to the 76.35-42 area again. From there the next move lower to 75.55-76 should develop.
[B]COUNTER ANALYSIS[/B]: Only a direct break above 76.42 would test the 76.64 pivot resistance… However, only above the 76.77 high would trigger firmer gains with the 77.30 pivot resistance likely to contain the move higher temporarily…
For more information regarding the support & resistance and medium term outlook please see the attached PDF file.
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