I think that was a strong close. Any other day it would have...

I think that was a strong close. Any other day it would have fallen to a new low. It didn't. The shorts left must be suicidal by now as this could really go for a run. I thought last week that profit taking and re-shorting would see this retest low 90's. It didn't mainly because the shorts around 76 didn't stop loss quickly enough.

Therefore, any retest of low 1.00's will be bought up by short covering and any test above 1.30 will be bought up by short covering. It is a win win for longs.

If this goes below 1.10 I will double my position.

All IMHO.