Stochastics and the RSI are oversold but remain bearish signaling that additional weakness is possible near-term. If March extends the decline off December's high, November's low crossing at 99.19 is the next downside target. Closes above the 20-day moving average crossing at 100.81 would confirm that a short-term low has been posted.
First resistance is the 20-day moving average crossing at 100.81.
Second resistance is December's high crossing at 101.58.
First support is today's low crossing at 100.14.
Second support is November's low crossing at 99.19.
