intraday could go either way...

Hard to predict the exact patterns here...

But new highs by the close would not surprise me...nor unfortunately would lower prices.

Same activity today as we saw in the 40c range...some net selling, but also net buying pretty much resulting in a neutral transaction rate.

The large net exit strategy obvious from earlier on in the session has passed...and now we have the market pretty much being left to sort itslef out.

I suspect many are on the sidelines waiting for a buy or sell trigger...as such, expect games in the depth by the "players" to facilitate their participation...as such, we could see higher or lower prices depending on the mind-set of those with the fingers on the triggers. Any volatility however may be short-lived as I expect current levels have importance to the market.

As I said, I expect higher prices in the near term...but we may or may not get this today!

Cheers!