Well it finally made the push up to break the 38.2 fib level and sustained a close above the 100 h1ma.
After touching a high of $1425 we’ve been back flirting with the fib line. It still doesn’t really seem convincing that it wants to push higher. We certainly know of someone who would like it higher so he can bail
Other commodities following suit with Brent having a gander at the $100 level after hitting lows in the mid $96’s. After Gold, Brent still has a way to go before hitting the 38.2 fib of the drop down at 102.48. Again the BOE will be hopping that a lid can be kept on the topside to help their inflation cause.
