Long term:  MM (104.38) = strong resistance

On a yearly basis, a close occurred below LY and Bollinger bands are flat. A bearish non-crossover is the status for our 7 / 23 years moving averages. Our stochastic is overbought. The decline in progress could continue.

On a quarterly basis, UQ / LQ spread is increasing. On a monthly basis, a bullish divergence is the status for our monthly stochastic. A recovery towards PM (100.91) or higher is expected.

Idea: above PM is not ruled out.

R = PM (100.91), MM (104.38);     S = MW (93.4).

Medium term: rise without a bullish trend

 On a weekly basis, UW (100.06) is our next target. With UW / LW spread, UW is a strong resistance.

Idea: above UW, the move is a technical rise.

R = PM (100.91);           S = MW (93.4)

Short term: higher?

On a daily basis, PD acts as a resistance. UD (100.7) is a strong resistance (UD / LD spread is not far away from its maximal level).

Idea: a technical decline is in progress.

R = PD (99.97), PM (100.91);   S = MD (97.30)

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Conclusion: 100 should be a very strong resistance.