THURSDAY
4-JUL
Price made a very bullish close y'day and is likely to continue its rally.
It barely broke Y high and is rejecting right now but the sell LQ below Y low looks too far away from current prices.
The upside LQ is very close - above SUN high.
Further LQ above could be found around FRI and SAT highs from last week.
On LTF, longs could be considered around y'day's NY accumulation zone at $11,500.
As long as price stays above that zone buyers should be in control and try to push for higher prices.
On the futures market, the weekly open gap has not been filled completely and this may be another reason for further rallies.