June is now the front month.
Resistance to the countertrend rally is obvious and technically consistent with the major Fibonacci retracement levels.
This is a little too 'pat' for our taste but let's see what happens.
"A new, invisible and at times virtual, tyranny is established, one which unilaterally and irremediably imposes its own laws and rules. Moreover, indebtedness and credit distance countries from their real economy and citizens from their real buying power. Added to this, as if it were needed, is widespread corruption and selfish fiscal evasion which have taken on worldwide dimensions. The will to power and of possession has become limitless." Francis I, 16 May 2013
June is now the front month.
Resistance to the countertrend rally is obvious and technically consistent with the major Fibonacci retracement levels.
This is a little too 'pat' for our taste but let's see what happens.