The longer-term trend has been sideways, and I just don’t see how that changes anytime soon. With that being said, I think we’ve got a situation where traders are looking at this through the prism of a quiet summer range and may be a little bit of consolidation after what had been such a vicious run higher. All things being equal, this is a market that I think has to make a bigger decision, but it’s going to be difficult for this to happen over the next several weeks as this is the wrong time of year to look for any real movement unless of course we get some type of random headline. The larger consolidation area is ... (full story)