Today's Support and Resistance Levels:
R3: 141.06
R2: 140.90
R1: 140.65
Current Spot: 140.48
S1: 140.29
S2: 140.08
S3: 139.43
Technical Summary:
Ideally we will see resistance at 140.65 protect the upside for a break below 140.29 confirming the next decline towards the ideal target for blue wave v at 139.43. Once blue wave v is in place we should look for a minor correction higher towards 141.55 and maybe slightly higher before the next impulsive decline is expected. Longer term I'm still looking for a much deeper decline towards at least 133.52 and possibly even lower towards 126.00 before this correction is finally over.
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