Bias: This looks bearish but I feel losses are likely to be choppy
With the peak in the 143.11-43 area I feel the main risk is back lower.
There is a small risk that we could see a correction as high as the 142.12area. But while this broad resistance holds we can still see losses.
Any direct loss of 140.72 would extend losses to the 129.70-74 area again. I still feel this would hold for a pullback higher. Thus only below 129.70 would see 139.04-17 at least.
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...
