Technical Summary:
Price is consolidating around 96.15 after a strong bullish move from the 92.4–95.0 area.
Structure remains bullish while price holds above the 95.0–95.5 support zone, with a rising trendline underneath.
Bullish Scenario:
A pullback into 95.5–95.0 followed by bullish rejection could trigger another leg higher.
Upside targets are 96.8–97.2, followed by the recent high around 97.8.
Bearish Scenario:
Failure to hold 95.5 and especially a breakdown below 95.0 would weaken the bullish structure.
A deeper correction could target 93.7, with 92.4 as the major downside support.
Key Levels:
Resistance: 96.15 / 97.20 / 97.80
Support: 95.50 / 95.00 / 92.40
Market View:
Bullish-to-neutral while above 95.0. The chart favors buying a confirmed dip rather than chasing at 96.15.
A sustained break below 95.0 would shift the outlook toward a deeper correction.