![\"100](\"https:\/\/az705044.vo.msecnd.net\/20210804\/2021-08-04_10-04-32.jpg\")
<\/figure>\n\n\n\nThe\u00a0subsequent high price extended back above its 100 hour moving average at 109.368 and\u00a0a swing area between 109.326 and 109.369.\u00a0\u00a0<\/p>\n\n\n\n
The high for the day stalled near the 50% midpoint of the move down from the July 23 high at 109.651. That\u00a0was also near the 100 day moving average at 109.582, but\u00a0below its\u00a0200 hour moving average at 109.73.\u00a0\u00a0
The current price trade at 109.50.\u00a0Given all the aforementioned numbers, that\u00a0puts the price above the 100 hour moving average at 109.36, but\u00a0below the 100 day moving average at 109.582. Those\u00a0levels represent the close targets for buyers and sellers now.\u00a0\u00a0<\/p>\n\n\n\n
Needless to say, if the prices to go higher, getting above the 100 day moving averages step one. Step two is getting above the 50% midpoint at 109.651 and three is getting above the 200 hour moving average at 109.731 (a hours open trendline also cuts near that level).
On the downside, breaking below the 100 hour moving average (and the swing area between 109.326 and 109.369), opens the downside.<\/p>\n\n\n\n
The\u00a0news was more bullish today from 10 AM on. However,\u00a0there also has been some hesitation near technical levels. Profit-taking? Sellers against topside resistance? Just taking a breather?\u00a0<\/p>\n\n\n\n
Those\u00a0questions will be answered on the\u00a0next technical shove.\u00a0\u00a0<\/p>\n\n\n\n