Key resistance and suppoprt

14 янв. 2014 г.

Recently the market broke a trend line that it had been following for this rise up from around 500. The price also crossed below the 0.382 Fib level. However, it is also being supported by a historical resistance level now possibly turned into support at 890. Additionally the market may be also help up by the psychological support at 900. To turn Bullish we will have to break the Yellow trend line, and Fib level of 0.382. To turn Bearish we need to break the support levels of 900 and 890. High volatility is likely as the market fluctuates between support and resistance.