Spot Price: 118.80
Technical Analysis:
Positive bias but fairly choppy intraday action. The bigger picture suggests the market is attempting to base with rough double day lows of 118.15. Last week"s break of the 200-day moving average and the drop under 120.00 put the bear side firmly in the frame but the speed and magnitude of the fall has brought stalling. Sell strength for 117.60.