Weekly: Overall trend is bearish. The most recent downleg from 101.40 to 88.00 is completed and the market is in retracement mode. Major support 88.00 and 87.10. Major resistance 96.50 and 97.70.
Daily: Bearish trend but is in retracement mode after a 5-wave rally from the interim low at 88.00 to 92.30. Now this rally is also being retraced. Support at 89.50 and resistance at 92.30.
Hourly: Neutral bias with support close by at 90.45 and resistance at 91.35.
