The minor trend — all we’ve got to work with so far — projected to 75.92 at the close, and that would be enough to refresh the bullish impulse on the 30-minute chart. More important to our assessment of the strength behind this push, or lack thereof, is the way in which buyers handle the three peaks labeled in the accompanying chart. An unpaused thrust past any pair of them would reinforce the assumption that the outlook for the intermediate term (i.e., 3-5 weeks) had turned bullish.
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