Spot Price: 119.20
Technical Analysis:
The 118.35 to 119.15 range of the past 24 hrs has been breached on the topside. Crucial resistance is at 119.60 where the 10 and 200-day MAs meet today. Prices have yet to post a daily close below the uptrend line from May 2006 lows, now at, coincidentally, 118.35. Support now seen at 118.90 and buy on a pullback. 119.00 holds so far