Spot Price: 121.10
Technical Analysis:
We exited the short trade taken o/n after prices cleared the 122.00 hourly highs that the trade was initial based on and as the hourly uptrend gathered pace. Daily congestion count at 8 is highest since June 5 and suggests a breakout from the consolidation is imminent. Slight bullish bias on dailies. 121.60 and 122.60 are key wides