Up Up and Away today! Prices began trading today at 1131.50, down a 10.5 point drop through the long weekend. Prices quickly hit the low of 1130.50 and took off running to the upside, climbing 16.5 points through the day to a high of 1147.00 where prices were met again with resistance. Futures closed the day at 1146.25 after a very buyer dominated day.
With prices again in the 1147.00 area we are watching for a breakthrough of resistance, if buyer volume holds and push prices through we could be looking at a move up into the 1160's, if resistance holds prices could retest the 1144 and 1140 levels with another retest of 1135.00 as the next stop down from there.
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