Today, Monday 7th Oct......PEY should close at another new 12 month high.
Which will be the 2nd in the past week.
Further strength is seen in crude and for as long as I've lived (I've had an account here since 2000 so I'm not brand new at this...), there's been tribal bloodshed in the Middle East.
So incase anyone thinks that situation and it's effects on PEY (and in addition to those positive seasonal ones already underway) will suddenly moderate, I challenge those aspirations as fanciful.
I don't revel in such developments; rather I state them as simply fact and by which my investments are made.
As I had hoped, there is now a breakout happening and our next target will be a moderate resistance ~$17.10
These are my views only,
Cheers.