Stochastics and the RSI are turning neutral to bullish signaling that sideways to higher prices are
possible near-term. If March extends the rally off November's low, the 50% retracement level of the 2011-2012 decline crossing at .10955 is the next upside target. Closes below the reaction low crossing at .10678 would confirm that a short-term low has been posted.
possible near-term. If March extends the rally off November's low, the 50% retracement level of the 2011-2012 decline crossing at .10955 is the next upside target. Closes below the reaction low crossing at .10678 would confirm that a short-term low has been posted.
First resistance is Wednesday's high crossing at .10923.
Second resistance is the 50% retracement level of the 2011-2012 decline crossing at .10955.
First support is the reaction low crossing at .10678.
Second support is November's low crossing at .10555.
