[B]Bias: [/B] There seems to be risk of the upside extending to 156.50-79 and
potentially 157.48-67 before lower again
The structure here is less clear but does seem to suggest potential for a second test of the 157.48 high and max 157.67. While the 155.10 area supports I feel this more higher is supported. However, I feel we should run into a barrier again around the 157.48-67 area. Thus, any stronger bullish stance will require a break above 157.70 and only then would the upside extend further towards 158.24 at least. Then note resistance at 159.20 and 160.15.
Please view the complete analysis in the attached PDF file.
For a full description of how to use the analysis please see the Analysis page of my website. The prior day's set ups for potential trading levels highlighted in the report are now available on the Daily Forecast page of my web site.
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