Spot Price: 121.85
Technical Analysis:
We went short in anticipation of the 121.55-60 range lows being retested, but prices held above there and began to bounce so we booked a profit. The Ichimoku cloud top at 121.45 today will be at 121.60 Thursday, reinforcing today"s 121.60 low and making it a more important pivot point. 10-day MA at 122.45 is first upside hurdle.