The last couple weeks we have seen a relative stable price with slow upticks. Many prefer to see this rather than huge instant rises. I like the fact we have been holding in in the 2700 to 2800 range last several days. We know from past summer is a quiet period. If we stay at this range through summer I would be quite happy.
Get through August unscathed then gain some momentum heading into the latter half of the year!
As per the basics of trading, always sustaining prices are triggering to upward momentum. When prices are staying with in some range we can assume there will be equal number of buyers and sellers and they are keeping prices to trade within some levels.
In this type of situation, usually buyers alone breaking the upper end as they will be having more confident for another wave of appreciations compared to bears.