By Peter Stoneham — Aug 04 - 03:45 AM
Fleeting new trend highs and breached the prior two days' lows Thurs
Price rebounded after holding above the lows and the 30-day MA at 141.87
Pullback also cushioned by the thick, rising daily cloud: 139.04-142.45
Upper Bolli band resistance against a run to June's 145.07 peak on EBS
Key support is the daily tenkan and 50% of the 138.05-143.89 rise at 140.9
Weekly chart set for bullish confirmation of last week's hammer candle
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Source:
Refinitiv IFR Research/Market Commentary