Agree, the chart would suggest a pull back toward ~0.01 as pierre also noted and can be seen from the previous rise in SP to ~0.013 (1). How far that move will be is anyone's guess ~0.012 at present. Sideways movement would allow SP to stay hugging the top of the BB and see the moving average catch up on this move which would still indicate positive sentiment. With news due from current drilling this is primed for the 3rd move higher. Any positive news will see SP breaking ~0.02 easily imo.
Agree, the chart would suggest a pull back toward ~0.01 as...
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