The price has approached 76, but that doesn't mean you should aggressively chase the rally. Here's a short-term signal: it's time to exit positions. A pullback down to 71-72 is normal movement that should be expected. When the price drops there, you can try to re-enter on the rebound. The target level for the rebound is approximately 75, but here’s what you need to remember — be cautious and don't hold the position for too long. As soon as the price touches this level, you should prepare to exit. The second half of the month may show a further pullback to 70, followed by a new rise to 76-77 to complete the rebound. That’s the picture emerging.