The sessions of late are really starting to take on a holiday feel, with some activity on the opening and closing and very little if anything in between. March is continuing to struggle clearing above the 55.30 level again today, and this is starting to show signs of fatigue at this level.
This could be a bull flagging continuation pattern, which would continue for some while before blowing through to the upside.
The near term expectation is for more consolidation perhaps looking to test the 9 day moving average at 54.30 next. Momentum is strong, and trending higher as per the RSI chart currently at 62.71.
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