[B]Bias: [/B]Mixed - waiting for breaks but have a mild preference for the upside
Losses were stronger than expected on Friday and have placed a question mark over the bullish preference. To bring this back into play we're going to need a break back above this morning's 126.20 high and I feel this is more likely. If seen then look for the upside to maintain momentum through 126.72 and for 127.35 at least. Take care as I feel this area may stall the move. Only break above would signal a move to 127.70 and the 128.21-57 area. Again take care. Next resistance is then found at 130.00.
For full analysis please open today's full report in PDF format.
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