Friday Prep
Overnight so far we've seen responsive buying off of initial support and a rally into initial resistance, which has now broken. This 73.50-74.75 zone I'm now using as a short term bull/bear zone, or in this case more of a bull/neutral zone as above there has potential for new all time highs but below could just rotate back into the choppy range of the past few days.
Acceptance below 68.50 with volume and momo etc could bring in sellers down to the 60.75-61.50 or even 57.00-58.75 zones. Failure at 57.00 is likely to bring in heavy selling, depending on how it gets there.