Stochastics and the RSI are neutral signaling that sideways trading is possible near-term. Closes above Thursday's high crossing at .12836 would temper the near-term bearish outlook. If December renews last week's decline, September's low crossing at .12631 is the next downside target. From a broad perspective, December needs to close above .12977 or below .12412 to
confirm a breakout of this summer's trading range and point the direction of the next trending move.
confirm a breakout of this summer's trading range and point the direction of the next trending move.
First resistance is the reaction high crossing at .12922.
Second resistance is September's high crossing at .12977.
First support is September's low crossing at .12631.
Second support is August's low crossing at .12565.
