Pivot: 107.8
Our preference: Short positions below 107.8 with targets @ 97.4 95.1 in extension.
Alternative scenario: Above 107.8 look for further upside with 110.75 112.25 as targets.
Comment: Technically the RSI is below its neutrality area at 50. The contract has pushed below a rising trend line and has negated the upward breakout of a bearish trend line. A drop is expected.
Supports and resistances:
112.25
110.75
107.8
101.75 Last
97.4
95.1
91.25
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