The evidence is mounting that this contract initiated an Elliott 5 wave sequence from low last week at 6.70. If all goes according to Hoyle, prices should extend up to 8.50 to 8.65 to terminate a wave 3. That leg would be with increased momentum. Bear in mind that it is too early to confirm an Elliott impulse move but it is a possibility. I would be a buyer and not a seller of this rally.
JbG