Spot Price: 123.34
Technical Analysis:
Daily high at 123.67 nearly retested the Jun 26 high as well as the 78.6% Fibo of the 124.15/122.10 slide also at 123.70. OverBought hourlies helped push prices down to 123.25. A key hourly low from Friday and 38.2% of the 122.10/123.67 rebound at 123.10 has been avoided as oversold hourlies begin to rebound. Dailies are bullish. 123.50 is first resistance. The market strategy is Buy at 123.10.