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That 1197.50 !!

Is peak volume from Friday and 1/2 the gap fill from todays open...If wrong they will go for 09 - 10 ultimately...05 is a tricky area too
1205 just so happens to be the 600 period MA I mentioned the other day. What was once support is now resistance?
Here are a couple fib projections up and a new one down. Prices have just hit 1.618 number.

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hmmmm, interesting to see where prices go from this level.

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Here is the projections off Monday's range. As per Paul if prices reach 1.618 on either side the odds of 2.000 being reached are extremely high.

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monday range11152010