Fair play to Wugin? If you say so.
But note the following:
- the SP is still above the entry point of 1.095 on the short
- it's still got a long way to go before the desired 80.5 mark is hit.
I'm not saying it won't get there; just that it is a long way off reaching there at the moment.
I think some sort of retrace was ineveitable after all the price rises. I personally don't think it will fall much further in the short term. But of course I may be wrong.
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