My enthusiasm appears to have been premature, since the futures are close to turning intraday charts that had been bullish into dross. The daily chart remains positive, but there is evidently more work to be done on the ‘hourly’ to build a base for a sustainable rally. However long it takes, the next upthrust will need to exceed a very small ‘external’ peak at 1304.50 recorded in mid-June to keep the bullish trend begun in August healthy.
