a review of the existing cycles show
a monthly cycle down into November 30th, 2011.
the weekly cycle is up til July 11th then turns down thru November 4th, 2011
the daily cycle is  down til the end of June and then up to July 22nd.

the futures are in the trade down to the final target at 1276.
trade pressures are becoming over sold and a time pressures turn up on June 27

a move up thru 1310 will signal a long entry to 1341.