PEK - made an opportune trade on this earlier in the day. Resistance in the lows 60s is coming from the 50% fibonacci level of the high (97.5c) and low (25c) of 2011. A close above this congestion then an easy move into the 70s in my opinion. A repeat of a historical measured move gives a target of 71c if we anchor it to the Feb 21 low.
daytrading feb 29 afternoon, page-102
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