There's some profit-taking now, but look at where we are. It's broken $520, the target we had yesterday ... looks like $525 is the next target.

We are now looking to target about $534,50, with $539 probably the resistance. But I still think we need to see a break below $525 to see an immediate reversal in the trend.

People will be eyeing $450 as the target. It may not be today. It will be very quiet in the States.

Certainly, it looks like we are targeting $600 in the near term. It may happen in London overnight.

It's dizzy high, and we're looking at a very overbought market. We're looking for a correction. It has to come at some point. However, given where oil is, it may well give some support on the downside.

If we sustain this break for the duration of the day, then I think we will be looking to test $495 again.