Following yesterday’s powerful rally to within two-and-a-half cents of our target (35.635), the futures have pulled back, although not by much. Now, the sooner bulls are able to push this vehicle through the target, the more buying power we should infer remains to be spent. Crude oil’s explosive rally is a wild card here, since it has been driving bullion prices higher. Camouflageurs and night owls looking for a way in should focus on the p and D Hidden Pivot supports of minor retracements such as the two shown in the chart.
