At the moment there seems to be many traders just skimming 1c profits.
No sign of heavy selling pushing is below 40 and no sign of consistent buying to push above 45.
I think all it will take is some heavy lifting by a heavyweight (over a couple of days) to give it a little confidence and it will break out of the 1c up 1c down cycle. On the proviso POG doesn't break down below 1275.
Fundamentals are there with recent decisions including hedging so it must that short trading cycle controlling things at the moment. I say just be patient.
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