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Weekly – Tagged the prior highs and then turned down to the earlier breakout just below 100. Trade pressures are up. Volumes are now neutral.

Daily – The Monday open rose to the 103.99 target then turned down thru the 102.75 short entry. Trade pressures are down. Volumes are bearish.

The next target down is 95.65.

A close above 100.57 would signal a new move up. This would put the daily trade pressures in alignment with the weekly.



Weekly – The panic buying seems to be abating. Trade pressures are up but turning down. Volumes are now neutral.

Daily – Flat. In a new move up from the 176-00 new long entry. Trade pressures are up with a new bullish reversal. Volumes are bullish.

The next target up is 180-11.

As the weekly is turning down need to wait for the next bearish reversal on the daily. A close below 175-06 would signal lower.

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