Near Term Trend: Positive
Fridayβs Close: 374β4 (+ 4 1/2 Cents)
UPDATE: Our theme five months ago: Quite bullish as long as support at 327β0 holdsβ. Subsequently, once price action traded above the 335β0 and held, the market barely looked back. There were some stops and starts of upside momentum, but overall the rally has remained intact, and this past week perhaps the biggest bullish development as our proprietary key resistance at 371β0 was violated.
I would expect a further gain toward the 394β0 region.