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.
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.