Stochastics and the RSI are bullish signaling that sideways to higher prices are possible near-term. If September extends the rally off July's low, the 38% retracement level of this year's decline crossing at 126.07 is the next upside target. Closes below the reaction low crossing at 122.45 would confirm an end to the short covering rally off July's low.
First resistance is today's high crossing at 125.93.
Second resistance is the 38% retracement level of this year's decline crossing at 126.07.
First support is the 20-day moving average crossing at 123.52.
Second support is the reaction low crossing at 122.45.
