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(M18) 21-DMA Capping *RES 4:...>

*RES 4: 99.200 Repeated daily highs Mar
*RES 3: 99.170 High Mar 21
*RES 2: 99.150 Alternating daily support/resistance
*RES 1: 99.121 21-DMA
*SUP 1: 99.095 Low Apr 13
*SUP 2: 99.075 2018 Low Apr 4
*SUP 3: 99.060 Monthly Low June 23 2016
*SUP 4: 99.003 Weekly Bear channel base
*COMMENTARY: The correction from 2018 lows is now struggling having remained
capped ahead of the 21-DMA and the 99.121-150 resistance region. Bulls look for
a close above 99.150 to shift focus back to 99.181-220 where the 55-DMA (99.181)
is noted. Bears need a close below 99.095 to gain breathing room and below
99.060 to reconfirm the bearish bias and maintain focus on 98.930 April 2016
monthly lows.

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