nfr, you (and gann for the moment lol), are correct that it is too early to call a breakout. The early stages of a new uptrend appear to be forming but it has to do a fair bit before we can be confident of new highs. For one thing I think it has to get fairly comfortably through the 1.70 to 1.80 level where it smashed through as it came down.
Still producers will be making enormous profits even if it only holds the current level.
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