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February 12th Support and Resistance Levels
Near term support for today is at the 1060.50 area of price, this is the lowest pricing level which currently still has resting held LONG inventory (no more LONG inventory being held of any significance below this level).
The market has minor near term resistance starting at the 1072.00 level and major resistance at the 1079.50′s for today. Next levels remain at the 1085.75′s and the 1091.75′s as before. 1079.50′s will be a very key level to watch for the day with any market strength as well as the 1060.50′s will be important in any market weakness.
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