Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. If December renews the decline off July's high, weekly support crossing at 78.55 is the next downside target. Closes above the reaction high crossing at 80.25 are needed to confirm that a short-term low has been posted.
First resistance is the reaction high crossing at 80.25.
Second resistance is the 38% retracement level of the July-September decline crossing at 80.97.
First support is last Friday's low crossing at 79.18.
Second support is September's low crossing at 78.72.
