Spot Price: 123.25
Technical Analysis:
Short profit booked after the Jun 15 low at 122.85 was retested. New short taken with the initial o/s hourly rebound. With daily studies pointed lower we decided to rejoin the trend. Prices since worked as high as 123.50 resistance, with our stop beyond there, before receding. 121.50, the Jun 11 & 13 lows, is the target. Hourlies are closer to o/b now.