I agree and I am looking to take a position.Short term though,...

I agree and I am looking to take a position.

Short term though, UK prices gapped up and left a short term nasty candle. Here in OZ, $8.30 represents 61.8% of the last move from $8.53 to $7.93. Price hit that yesterday and failed on increased volume and today looks to be setting up for an inside day (unless late day surge occurs). With BIL looking strong, this is confusing me a little.

Technically, BIL will run once the $8.52-4 area is passed with volume, looking for $9 odd as a result. Nice triple top formation. We will see over the next few days/week.

Good trading.