Short term punt (5-10days):Continues to trade in the 23.5 to...

Short term punt (5-10days):

Continues to trade in the 23.5 to 35cps band. Again, we have seen it bounce of the 23.5c line and DPO and CCI, ST indicators are trending up.

Two key points for a trade remain 29cps (this week) and depending on the rest of the market (or if one is lucky) 33.5cps

We may also see a crossing of the MACD into positive territory supporting the above. The 200D MA is at 31cps so if we crack that and it holds - then testing the resistance at 35cps is the next ST issue

Good luck


Disclosure: LT hold, Very large parcel