Price action has been so frazzled lately that I zoomed out rather than in to find a chart with the information we need to make clear sense of this vehicle. With the weekly chart as our perspective, we can see that the bullish impulsiveness of the thrust from February’s lows could wax even more impressive if the rally keeps going, exceeding the ‘look-to-the-left’ peak at 4.345 before taking a breather. Regardless, the futures are going to be a fetching buy on any significant pullback. Camouflageurs can start looking for a way in at these levels, however, and I’d suggest using charts of 10-minute degree or less to find your spot.
