Green Trend Line is not significant but that will show us when bears could come to market. 124.670 is good point to putting a short order after breakout of that level short positions will increase. 127.300 is strong resistance for now. If this area broken then short orders will be canceled; Below 122.00 - 122.100 will act as support but after previous breakout...
Chart saying much more than words.
Short is much more possible on this commodity according to channel and bears on the market. On downtrend we have 2 more support areas. But always market decides the way we just follow it :)