Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. If March renews the decline off January's high, the 62% retracement level of the 2011-2012-rally crossing at 98.35 is the next downside target. Closes above the 20-day moving average crossing at 100.03 would confirm that a short-term low has been posted.
First resistance is the 20-day moving average crossing at 100.03.
Second resistance is the reaction high crossing at 100.85.
First support is January's low crossing at 98.89.
Second support is the 62% retracement level of the 2011-2012-rally crossing at 98.35.
