Spot Price: 122.00
Technical Analysis:
Long trades are in play and the bounce out of 121.90 continues to push higher. Resistance at 122.15 (the high from Friday) and 122.20 is now close. Hourly studies show scope for gaining action past here to test the 122.40 fibo level. Daily charts continue to ignore a heavily overbought but but this alone is enough to cause caution. Will flat fails for a profit