Pivot: 101.55
Our preference: Short positions below 101.55 with targets @ 100.1 99.2 in extension.
Alternative scenario: Above 101.55 look for further upside with 102.4 102.95 as targets.
Comment: As long as 101.55 is resistance, look for choppy price action with a bearish bias. The contract has pushed above a key declining trend line but it remains below the 101.55 resistance area, caution.
Supports and resistances:
102.95
102.4
101.55
101.35 Last
100.1
99.2
98.2
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