(G3) Through Key S/T Support

• RES 4: $86.26 - 76.4% retracement of the Nov 11 - Dec 9 low
• RES 3: $84.10 - High Nov 17
• RES 2: $83.27 - High Dec 1 and a key resistance
• RES 1: $81.18 - High Dec 27
• PRICE: $73.88 @ 07:47 GMT Jan 6
• SUP 1: $72.46 - Low Jan 5
• SUP 2: $70.31 - Low Dec 9 and the bear trigger
• SUP 3: $68.19 - 1.236 proj of the Aug 30 - Sep 28 - Nov 7 price swing
• SUP 4: $65.47 - 1.382 proj of the Aug 30 - Sep 28 - Nov 7 price swing

Price action since the turn of year has worked against the bullish short-term trend condition. Key short-term support at 76.79, the Dec 29 low, has given way - and further weakness here would confirm a near-term top. Recent bullish price action has waned, with further weakness looking more likely. The Dec 9 low remains key at 70.31 and marks the bear trigger for more extended weakness. Key resistance looks far off at 83.27, the Dec 1 high. Clearance of this level, if seen, would strengthen bullish conditions.