Once again, in the throes of a superficially impressive rally, the futures narrowly failed to surpass an obvious external peak (1787.90), telegraphing the pointless ups and downs that followed. The look of things on the lesser charts is bullish nonetheless, and so I’ll suggest using the 1813.50 target shown as a minimum upside objective for the near term. Its ‘p’ sibling at 1787.20 has already been exceeded by a few ticks, and while that’s encouraging, it is not quite sufficient to imply that a finishing stroke to ‘D’ is a done deal.
