Below is a monthly chart of RAP, we had an increasing range of 6c this month from High to low including Chi x data. So that bodes extremely well for November, next month should see a higher high than this month and my target for next month is 14c (approx $100m m/c) this target is based on repeating ranges....which with very powerful clean trends can be an excellent method in determining expected volatility.
The trend that RAP is in is one of those powerful accelerating trends that usually gives clear visible signals on longer time frames such as weekly and monthly charts when a potential trend change is here, nothing at all to indicate this at this stage....
The first week of the new month will be the best indicator whether this target is likely or not for november...
