It had to break out of the pennant formation upwards as there were no more sellers left in any decent size or motivation at the prices of recent days.
So we should continue upwards tomorrow as we try to find a new balance.
Although the potash negotiations seem to have taken on a more positive tone over the past few months so maybe we are finally near a resolution there which could help explain some of the recent buying.
EB
TRH Price at posting:
38.5¢ Sentiment: ST Buy Disclosure: Held
