Spot Price: 121.05
Technical Analysis:
We booked profits on the short trade in place from o/n after the initial probe of 121.00. Prices are heavy still and the May 25 spike low at 120.85 is eyed. Dailies are almost all bearish, so we remain in sell mode looking to fade a rebound, but so far they have been minimal, leaving us flat. Pivot off of 120.85 next.