Stochastics and the RSI are bearish signaling that sideways to lower prices are possible near-term. If March extends last week's decline, the 38% retracement level of the July-December rally crossing at .10679 is the next downside target. Closes above the 10-day moving average crossing at .10904 would confirm that a short-term low has been posted while opening the door for additional weakness near-term.
First resistance is the 20-day moving average crossing at .10883.
Second is the 10-day moving average crossing at .10904.
First support is the 38% retracement level of the July-December rally crossing at .10679.
Second support is the 50% retracement level of the July-December rally crossing at .10571.
Second support is the 50% retracement level of the July-December rally crossing at .10571.
