Spot Price: 123.35
Technical Analysis:
Looking at an overbought daily chart with double-day highs yesterday and today at 123.75 and the risk of a break below Mon"s 123.30 low, which is also the prior channel top. ADX is at mature trend readings, so we are looking to sell failures toward 123.75. Hourlies are o/s and 123.33 has propped so far so we prefer selling rallies vs new lows now.