Technical Outlook and Chart Setups:
Prices are just shy of clearing the stops at 108.00 and the bulls are determined to take prices higher further. As depicted here support is at 105.00/10, 104.50, and followed by 100.50 level. The structure is setting up for an extended rally above the 111.00 mark. It is recommended to buy intraday dips from here on, towards 107.00 level. Resistance is not before the 111.00 mark now. Intraday dips towards 107.00/25 are opportunities to go long now. Look higher after a pullback.
Trading Recommendations:
Flat for now. Plan to buy intraday dips towards 107.00/25, stop 105.00. Target is open.
Good Luck!
