Is this rally about to deliver on the promise of the strong trend begun in mid-June? If so we should see the futures settle above 118^14.5 by no later than Friday. That’s a midpoint resistance whose ‘D’ sibling lies at 119^22.5, and although it has been slightly exceeded intraday (by two ticks), a more conclusive breach is needed to clinch the bullish case for the near term.
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