Spot Price: 121.75
Technical Analysis:
The due tuched the upper bolli and turnd down.
The MACD is heading for a bearish cross.
The RSI turned slightly down.
Quick but modest profit booked on the long trade taken as the subtle downtrend from last Fri"s high was broken. Prices failed at 122.00, the initial hurdle. Now looking to buy a pullback into the uptrend line from the April 19 low, now at 121.50. We would also buy a breakout beyond 122.00. Hourlies are mixed, dailies a bit o/b yet.