Any close over 71 is a great effort im my books...
But a close at or above 74.5 would be more than I could have wished for.
Anything from 71.5 to 73.5 would give as an "engulfing" pattern on the charts...normally a very bullish sign!
An up day tomorrow, with a close above todays close would be confirmation...and would also form the final day of a "3 outside up" pattern...an even more bullish sign!
An important accumulation/distribution level recently has been 74.5c...a finish at or above this number would be exceptional and indicate a big day tomorrow, with a run at 78c then possibly even 83c on the cards?
Wouldn't like to see it close much higer than 78c though, unless of course we see volumes in the 8-10m range.
Looking good!
Cheers!
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