Bulls have maintained their position at 160.00 last Friday. This marked a higher low in the dailies with a neutral high. Because the overall movement for the past 3 trading days is bearish, my main bias is still a bearish with possible sideways movement.
This morning, the bulls tried following through last Friday's move only to be met with bears at 161.60. For shorting, it's best to wait for 161.60 to 162.20 area to short.