To me, what happens during the first couple of pullbacks is of high importance.
If massive supply comes in to the downside, as it previously has in this price area, then we will most likely come off again.
But if supply is on the light side when we pull back, then this upmove may be sustainable.
I will be watching closely
The most important thing for me is a push above 22.5cps and then a pullback on very low volume.
A strong upmove after that happened would be quite bullish IMO.
cheers
article in the australian this morning, page-3
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