Although we saw a break out above 5700 yesterday, the market has failed once again above this region. We could well see a rally above 5700-5720 today to remove shorters from this market but only an end of day close above 5720 is going to change the short term trend from negative to positive. My target at 5470 is still valid even if we close above 5720 but we may well see higher price towards 5800 in the meantime.
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