Stochastics and the RSI remain bullish signaling that sideways to higher prices are possible near-term. If March renews last week's rally, December's high crossing at 101.58 then the reaction high crossing at 102.10 are the next upside targets. Closes below the 10-day moving average crossing at 100.71 would temper the near-term friendly outlook. If March renews the decline off
December's high, November's low crossing at 99.19 is the next downside target.
December's high, November's low crossing at 99.19 is the next downside target.
First resistance is December's high crossing at 101.58.
Second resistance is the reaction high crossing at 102.10.
First support is the reaction low crossing at 100.11.
Second support is November's low crossing at 99.19.