[B]Commentary[/B]: We wrote yesterday that “If you wish to take advantage of this bear leg that we expect to drop below 100 (objectives are near 97.50), then resistance should be strong at 107.22 and the bias is bearish as long as price is below 108.33.” Price has remained below 108.33 and risk can be moved to 107.88 at this point.
[B]Strategy[/B]: Bearish, against 1107.88, target below 100