Trading opened on Friday at 1087.50, down 5.5 points through the overnight. Prices moved to hit the high of 1092.75 for the first time just before 10 am market time, when prices reversed for the rest of the morning's trading. Prices hit their 1085.25 low at about 11:30 am market time, where they tested support and failed move through. Trading closed at 1090.25, trading a very consolidated 7.5 point range and leaving the gap open at 1093.00.
For Monday we are watching to see if price will break the resistance at 1106.00. If it moves up through there we could see retests of the 1112.50 levels of resistance. On the low side, if prices fail at 1106.00 and begin to move back down we will see price move to retest the 1094.25 area then the 1086.00 levels of support.
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