Nice to see some gains here, a pullback to test the recent break of the horizontal range around 0.47 appears to be taking place here, be nice to see a relatively low volume pullback suggesting a lack of Supply at this level. Price recently accelerated higher with increasing spread on slightly above average volume and touched on the Supply line (Upper line) of the Reverse Channel on Wednesday and drew out some Supply without moving into Overbought territory. The fact price accelerated higher on much lower volume compared to the previous expansion of spread 3 weeks ago that drew out substantial volume on the rise in price suggest a potential lack of Supply at this level, this pullback should give some confirmation, or not, of this current Supply situation. Looking healthy on the chart to me, may see some consolidation here and in CL as new bases are put in to potentially accelerate higher if that is what is meant to be, looking forward to coming months, Cheers HF
