Prices met the target of 156.70 while more advance towards the second target 158.80 is promising.
As we see from our previous chart, the market managed to test the support of 153.65 before advancing towards the first target of 156.80.
If prices remain above the first support of 155.00, the advance wave could continue towards the second target of 158.80.
Below 155.00 more of a drop could hit the market as the second support of 153.60 could re-activate the advance wave again.
Below 153.60 more of a drop towards 151.50 is likely.
As we see from our previous chart, the market managed to test the support of 153.65 before advancing towards the first target of 156.80.
If prices remain above the first support of 155.00, the advance wave could continue towards the second target of 158.80.
Below 155.00 more of a drop could hit the market as the second support of 153.60 could re-activate the advance wave again.
Below 153.60 more of a drop towards 151.50 is likely.
| SUPPORT | RESISTANCE | |
| LEVEL1 | 155.00 | 157.80 |
| LEVEL2 | 153.60 | 158.80 |
| LEVEL3 | 151.50 | 161.80 |
