WEEKLY BUNDS - This week's trade idea and technicals
In line with last week's bullish forecast, the preceding week's buying at the 13 week average extended. A 2nd up week in a row was primarily driven by Wednesday’s gains but profit taking attempts at the beginning and end of the week were limited. This keeps the technical focus on the topside and so this week’s call is Bullish from the open but leaving room to also buy a 165.38 dip, Wednesday’s Marabuzo line. The risk is last week's 164.71 base with upside targets of 166.21, the 4 week high, 166.75, March’s peak, or even towards 167.34.
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