There have been some aggressive setbacks - most notably a strong bout of profit taking in the first full week of February - but this month has seen the cross trade to the highest levels since last June.
There is no sign of this demand stalling and even on a shorter term basis the move from March's low has been supported by a key 13 day moving average and, the main point of this blog, by Marabuzo lines. These can clearly been on the chart.
Look for a move through 25.950 to confirm the next higher high with potential targets of 26.050 and 26.125.
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