The market hit a drop correction on continued negotiations between Iran and the USA.
The market is still holding above the short-run trend, and as long as prices hold above the 91.50-92.00 zone, the advance wave is still ongoing toward the third targets of 105.25 and 108.55.
Below 91.50 a further drop is likely toward 86.50.
| SUPPORT | RESISTANCE | |
|---|---|---|
| LEVEL1 | 94.40 | 99.30 |
| LEVEL2 | 91.50-92.00 | 102.50 |
| LEVEL3 | 86.50 | 105.25 |