March found itself consolidating today. Although it posted a new early high for the recent move at 55.35, it was unable to sustain any pressure to the upside, chopping around for the session to finally close on the lows albeit with minimal losses.
Posted a very impressive session today, grinding higher and then blowing through yesterday's resistance at 54.70. It is safe now that the 51-54 range is history, and we can now post a short term uptrend pattern ( currently confined to 53-55.50).
It goes without saying here that you cannot argue with the trend and this one until notice is upwards. Momentum is strong, and really confirmed the price/momentum divergence put in place in late November.
marketing@alchempro.com
