RL recovered from the 103.29 low (September 2015) to offer scope for a return towards the 141.03/141.93 resistance zone (June 2015 high/May 2014 low) which may cap the bounce. A downside reversal below 111.65 (50% of the 31.22/192.03 rise) then 103.29 would risk further losses towards 95.59 (April 2010 high) near 92.66 (61.8% of the 31.22/192.03 rise). Outlook: Daily: bullish Weekly: neutral Monthly: neutral