The above quarterly chart shows how market is trying to sit after the long term rise coming from far lower. The key line is in the middle of 99 area where clearly many times candles failed to close higher except last 2013 quarter with the final push to 105.
The same situation seen in monthly is just to confirm that support is slightly lower and to underline the complete flatness occuring in recent months between 101.40 and 103.60
In my view, as shown in the above monthly chart, market is consol…
