The futures topped yesterday half a penny from the ‘D’ target of a pattern on the hourly chart begun from 15.760 a week ago. If they get second wind today — most likely, in my view – they can scare the bejayzus out of shorts with a print at 17.115. That would create an irresistibly powerful impulse leg on the hourly chart, and with it the likely prospect of a test of mid-September’s 17.690 high.
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