Today's Support and Resistance Levels:
R3: 142.50
R2: 142.11
R1: 141.72
Current Spot: 141.38
S1: 141.26
S2: 140.90
S3: 140.43
Technical Summary:
As I predicted on Friday, a low was seen at 140.43 and a correction higher towards 142.11 - 142.50. This expected corrective cycle is unfolding according to my prediction and I expected this corrective target area to be tested soon. Once this correction terminates a renewed downside pressure towards at least 136.45 should be expected. A break below 141.26 will indicate that the corrective cycle has ended and wave iii lower is developing.
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