Concerning the Bullish potential basis the daily and weekly charts with suspect the erratic rally thus far is part of a bullish Elliott wave nesting process that should accelerate on a break through 81.35 and more importantly the 81.60 Daily pivot point. Keep relatively tight stops on this view as any breach of the 80.10 level would confirm the end of a simple upside correction that projects a final decline to about 78.85. (Ref: 5754)
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