Stochastics and the RSI are turning bullish hinting that a low might be in or is near. Closes above the 20-day moving average crossing at 100.80 would confirm that a short-term low has been posted. If December renews the decline off September's high, the 50% retracement level of the June-September rally crossing at 99.51 is the next downside target.
First resistance is the 20-day moving average crossing at 100.80.
Second resistance is the reaction high crossing at 102.56.
First support is last Tuesday's low crossing at 99.70.
Second support is the 50% retracement level of the June-September rally crossing at 99.51.
