Spot Price: 121.10
Technical Analysis:
False break below the 120.85 spike low of May 25 sent prices up, retracing more than 50% of the 122.15 to 120.80 slide at 121.45. Wed"s 121.50 high broken too, but selling then resumed and 120.80 is back in play. Hourlies are bearish and not o/s. Dailies are bearish again. Still prefer selling rallies to new lows. The RSI is pointing down.