Hi Tom, it seems to me once the charts take a bearish tone we pop a little and just when it seems we may be in a billets cycle we go down.
I say we drift between 5.50 and 6.00 for another couple of weeks while we anticipate news. If no news by the week of June 5th, then I say we can drop to test the 4.95 by mid June.
Let's hope we hear something powerful in the next several weeks.
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