S&P INTRADAY bearish & oversold capped by resistance at 5714

The US Producer Price Index (PPI) increased by 3.2% year-on-year in February, down from 3.7% in January and slightly below the expected 3.3%.
The core PPI, which excludes food and energy prices, rose by 3.4% annually, also lower than the 3.8% recorded in January. On a monthly basis, the PPI remained unchanged, while the core PPI saw a slight 0.1% decline.

Key Support and Resistance Levels

Resistance Level 1: 5714

Resistance Level 2: 5770

Resistance Level 3: 5805

Support Level 1: 5523

Support Level 2: 5480

Support Level 3: 5300

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