This week’s signals have continued to point higher, but with daily sentiment overstretched they also point to buying dips. This has so far been confirmed, but with the recovery since Tuesday’s 152-27 base stalling ahead of June’s 155-01 top Thursday’s signals were more cautious and neutral. Although these too were confirmed, a 2nd higher daily low in a row has left a cautiously bullish bias to signals and the call for Friday is to buy on the open and then at 153-22 with a stop loss at 153-12, Wednesday’s base. Targets are to 154-15/17, last week’s close, 154-30/01, June’s top and 155-16.
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