price action has been disappointing over the last few weeks, expected it to be closer to 40-42c area close to MRE so that doesn’t provide too much confidence but hopefully that was the market makers fishing for supply. Ta still shows it’s above trend line (only just). Will know soon which way it unravels, for the sake of all of us that are long in here, hopefully we see a bump up to mid 50s.
MRE estimate, page-9
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