Stochastics and the RSI are oversold but remain neutral to bearish signaling that additional weakness is possible near-term. If March extends the decline off January's high, the 87% retracement level of 2012's rally crossing at 96.33 is the next downside target. Closes above the 20-day moving average crossing at 98.86 are needed to confirm that a short-term low has been posted.
First resistance is the 10-day moving average crossing at 97.81.
Second resistance is the 20-day moving average crossing at 98.86.
First support is the overnight low crossing at 96.79.
Second support is the 87% retracement level of 2012's rally crossing at 96.33.
