Spot Price: 117.95
Technical Analysis:
Short profit booked after prices fell to the 21-day MLR at 119.95 or so and began to bounce. Prices since retested 118.95, the 10-day MA that has capped rallies three straight days. If prices blow beyond there we will join the bid, at first looking for a retest of the 200-day MA at 119.60. Otherwise we need a sizeable discount to buy dips.