Well, will we have a top in the next few weeks? . All signs on track till now. . We had the pullback which I was writing about. We are now back on uptrend. So everything following pattern till now. . Tonight is a critical night in US trades. We need a green, minimum. Otherwise we may meander a bit more. But based on pattern, CCJ may attempt a big one, whether it's successful is to be seen. We want general markets to at least be neutral for a big one. First big one, CCJ crossing 55. . Personally most of my current play in U stocks. Have taken a punt. Played the pullback and fully loaded now. Hope there is no rude shock. . So what may happen tonight? If everything goes to plan, CCJ does a new high of this phase above 53.48, and finish above 53.30. Last year around this time CCJ made a new high of 56.25. So it would be good to scale that. Current CCJ high is 62.55. That is the target. And odds looking good at this stage. No guarantee though. So let's hope we get a good one tonight. All the best.
BOE Price at posting:
$3.98 Sentiment: Hold Disclosure: Held
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