The formally derived support zone circa 41c - 39c has continued to hold. Accumulation within the zone has been solid enough over the past week or so to suggest it will stay solid. Smart money accumulation within the zone has been excellent. As stated SOR only turns negative below 39c, no matter what other subjective opinions and random numbers are thrown around by others on this forum (both bullish and bearish). Next major up-cycle triggers above 55.5c - so we are not out of the woods yet although what we have seen lately technically has been very productive . E.
The formally derived support zone circa 41c - 39c has continued...
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