I have to say I like this movement at the moment. It's establishing strong support over $900 / $905 after no less than four assaults last night. This looks on the face of it like a breakout/breakdown sort of oscilation within a very tight band, so it will be interesting to see what the outcome here is. If we see prices stabilise over the $905 mark then I'd go so far as to say we've seen support at $900 respected, which puts in a nice base for a mose to maybe $940 or so.
A breakdown may mean $875 will be tested again.
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I have to say I like this movement at the moment. It's...
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