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February 24th Support and Resistance Levels
The near term resistance levels for today start at the 1100.25 level with next level at the 1107.50′s and last at the 1112.75′s. The 1112.75 to 1109.75 area of price has a very significant zone of resting SHORT inventory. There are no price levels above the 1112.75’s that hold any remaining significant SHORT inventory.
Our near term support levels for today start with an important level at the 1092.25’s which developed in the lower range of yesterday’s sell off. The next lower level of minor inventory support is located at the 1079.50’s. Our key last levels of LONG inventory support are located at the 1068.00’s, 1065.50’s, and last level at the 1060.50’s.
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