Oct futures opened slightly down and prices continued to fall for half of the session and broke the strong support placed at its declining trend line around 86.10 and made a low of 85.91. Prices consolidated for the remaining session in the range of 86 – 86.20 and are expected to bounce from this level as prices were unable to close below the trend line support. Next resistances are placed around 86.60 and 86.90 levels.
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