A rise above $12.29-1/2 will extend to $12.44-3/4, the Jan. 3 high, which is also pointed to by the upper channel line of a rising channel. A drop below $12.08-1/2 will confirm a small double-top, with a bearish target to be established at $11.87. The bias could be at the downside, as the contract has failed twice to break a strong resistance at $12.29-1/2, which is the 161.8 percent Fibonacci projection level of a wave "c", indicating the completion of a rebound from the Jan. 12 low of $11.50. No information in this analysis should be considered as being business, financial or legal advice. Each reader should consult his or her own professional or other advisers for business, financial or legal advice regarding the products mentioned in the analyses.