Daily and weekly charts are also bearish.

Pivot
72.20
Our preference
Short positions below 72.20 with targets at 71.20 & 70.50 in extension.
Alternative scenario
Above 72.20 look for further upside with 72.80 & 73.40 as targets.
Comment
The RSI is below its neutrality area at 50%
Trend Analysis

Penafian