Following yesterdays crazy unwind which is now already reversing chart reveals correction stopped at exactly .618 of 3rd wave up. I see that as healthy. We now start 5th impulsive wave up. Comments are on the chart.
Incredible bull run of last few days has to correct which is what it has started to do. Sep 19th futures contracts may put a little bearish pressure. Then anticipation of Carbon FWD annual conference will move prices up again prior to correction when Germany indicates in late Oct what they intend to do regarding Coal power station abatement. Then final push up...
