Watch this level and see what will happen. Expecting consolidation around 1302-1306 and maybe a big reversal.
You should see a reveral pattern in lower time frames before taking position. (Strong rejection or something else.)
1320 is 127 ext but I don't think it will direcly jump there.
Testing the broken resistance area. 49.10 - 49.20 is selling.
If fails to break the resistance then it will fall to the support line 48.16.
If falls to 48.16 then it'll trigger the change of the trend to bearish.