We are still imbalanced higher with no 100% pullbacks for creating a daily rotation. This is strong bullish activity so I caution shorts. If we continue to accept prices here then expectancy is to see highern pricing with first target at 71.50, 71.87, 72.70.
One Hour Chart
We have 100% rotation on the 1H (Hourly) chart. We can now look to trade VAL and VAH of the balanced area. We are at the top of value currently trading @70.87 with expectancy to rotate down to value area low @68.53. I will look for short opportunities to take the market down to VAL. If we struggle to see lower pricing then I will reverse early as we are in an imbalanced market on the Daily to the upside. Caution is to the down side but expectancy is still in place.