SEK posted a solid +7.2% gain yesterday but in this case, for us to feel the stocks commenced a strong rally towards $25, and hopefully beyond, we need to see a clear weekly break above $22 – in other words both SEK and MP1 are looking encouraging but they’re not out of the woods just yet as the bond threat remains ever-present.
- We remain bullish SEK initially targeting another test of the $25 area, or 15% higher.
MM remains long and bullish SEK
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