We’ve come 700 pips in around 9 trading sessions and the market is showing no signs of slowing down. There are certain to be barriers at 100.00 but it will also act like a magnet with plenty of stops just above. Support levels are quite far away, with nothing decent until the Friday closing levels back below 98.00.
Obviously the bullish bias still dominates but getting the timing right is the key. I’m looking at a 97.50/101.50 trading range for the rest of the week.