begins trading.
Stochastics and the RSI are diverging but are neutral to bearish signaling that additional weakness is possible near-term. If December extends the decline off September's high, the 62% retracement level of the March-September rally crossing at .12360 is the next downside target. Closes above the 20-day moving average .12584 would confirm that a short-term low has
been posted.
been posted.
First resistance is the 20-day moving average crossing at .12584.
Second resistance is last Tuesday's high crossing at .12640.
First support is last Friday's low crossing at .12399.
Second support is the 62% retracement level of the March-September rally crossing at .12360.
