Time: 17:35pm (SA); 10:35am (USA:NY)
Chart: 30-Min
Last: Around $463.59
Key Points:
- Support found at Monday's lows, held in 1st half hour of trade.
- Bounce, with attempt to close this morning's downside gap however unable to close due to selling pressure
- The $461.70 to $462.50 level is a strong short term support however traders should take note if 'offers' at the this level are strong (breakdown risk).
- Further downside gap at $456.90 remains unfilled.
- Price remains below downward trend line A_B of a which an eventual break would suggest a potential change in trend, or an attempt to do so.
- Prior support at $466.39 has temporarily turned to resistance.
Chart: 30-Min
Last: Around $463.59
Key Points:
- Support found at Monday's lows, held in 1st half hour of trade.
- Bounce, with attempt to close this morning's downside gap however unable to close due to selling pressure
- The $461.70 to $462.50 level is a strong short term support however traders should take note if 'offers' at the this level are strong (breakdown risk).
- Further downside gap at $456.90 remains unfilled.
- Price remains below downward trend line A_B of a which an eventual break would suggest a potential change in trend, or an attempt to do so.
- Prior support at $466.39 has temporarily turned to resistance.