maybe this will work (let me know). disregard fib lines, pay attention to the trend lines. this will give you an idea where i got my 9.5 short term from and also explains why the resistance was met heavily yesterday when penetrating 9 briefly.
Could we have another pull back to some buying resistance? if so then mid 7's on the cards to coincide the bottom line creeping ever higher.
break out of this trend and 12-16 is on but i cant see that just yet without some kind of positve drilling news/mt survey etc. something material is needed to drive it to the next level.
you cant launch a rocket without the fuel.
until then this trend seems like its sticking, time will tell! happy trading and good luck.
HRL Price at posting:
8.5¢ Sentiment: ST Buy Disclosure: Held