Today's Support and Resistance Levels:
R3: 141.61
R2: 141.15
R1: 140.82
Current Spot: 140.72
S1: 140.44
S2: 140.08
S3: 139.81
Technical Summary:
There was no time for the correction unfold further and we saw a direct decline low. The failure to extend the correction was an indication of underlying strength of the trend. This was also seen with the fact that the possible downside target at 141.00 was broken without problem and the decline is extending. Short term I will be looking for resistance at 140.82 for one last decline towards 139.81 before a larger correction should be expected towards 141.89.
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