PEL TRADING SCENARIOS: 1.BUYING ABOVE 1370 ON A CLOSING BASIS FOR A TARGET OF 1500/1550 2.SELLING CAN COME IF WE HAVE A CLOSING BELOW 1275 AND IN THAT CASE ITS WEEKLY SUPPORT NEAR 1020 CAN BE TESTED IN NEAR TERM 3.BREAKOUT ABOVE THE UPPER END OF THE CHANNEL CAN END THE LONG TERM BEARISH TREND IN PEL WHICH HAS BEEN GOING SINCE SEP 2018.