Spot Price: 2.0625
Technical Analysis:
Continues the recovery, trading to a new 26-year high at 2.0656 thus far. The market remains very bid, and we remain optimistic about our 2.0745 (Jun 1981 high) target as overextended levels ignored. 2.0587 (today"s low) reverts to support, this should stem near-term corrective activities. Moves below the 2.0550 level, however, needed to shift the bias lower.