Price advanced further during the past week and broke up through our pivotal . Stops were hit and short traders are now sidelined.
We now anticipate that price will probably trade further up during the coming 2 weeks or so to reach the 345 zone from where it will probably still make one run down. Breaking further up and trading higher than 345 will probably mean that a long term bottom has been put on the chart.
We are going to step back in order to have a distanced look at this market for some time.