Spot Price: 121.70
Technical Analysis:
Friday"s dip to 120.85 was short-lived, as the price bounced towards 122.00, forming a bullish outside trading day. 122.00/20 remains formidable resistance and we will use this as a topside pivot. Daily studies are overbought but heading up, while the trend is higher, so we will buy a 121.00 dip, with a tight stop. Hourlies are neutral