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$NOW Update
The initial bounce from the $80 lows played out perfectly.
Price is now positioning for an attack on the $140 structural resistance again.
A clean break above $140 opens the door for a push toward the $160 and $200 targets.
A deeper retracement is completely on the table before that final push.
If the $100 to $105 area fails to hold, the next major structural demand zone is at $80 to $85.
The local recovery structure remains perfectly intact even if we test those lower levels.