
We seem to be in the holding pattern at the top. Still waiting for clarity.

We are now back into last weeks chop area, so we'll expand our presumed chop area today to 2379.25 to 2397.75.
Normally I'd avoid trading in the middle of that but as it's a decent sized range I do thing longs for completion of the range up to 97.75 are valid.
Normally I'd avoid trading in the middle of that but as it's a decent sized range I do thing longs for completion of the range up to 97.75 are valid.

Yesterday we saw decent volume 1.3 million and by the fact the market ended up where we started. So it looks like day timeframe speculators were active.
Very low range day yesterday. We need to escape the weeks range - that could happen today or in days time, impossible to know.
Plan
- Speculators more active yesterday, watch for healthy volume today
- Look to fade 2379.25 to 2397.75.
- Look for continuation up to 97.75
- No shorts between 79.25 to 97.75
- better trade is a low volume push through 88.50 and 97.50 that then fails and sees price move back to the range
- On the lookout for a break which will be followed if it breaks with significant volume
- May take up knitting to avoid boredom trades
Weekly Numbers
Range - 2379 -> 2403.75
Value - 2389.50 -> 2397
S1 - 2383, R1 - 2405.50
Daily Numbers
Range - 2379 -> 2393.50 / 2396
Value - 2384 -> 2392.50
Globex 2384.25 -> 2392.50
Settlement – 2391
Today - 2379.25, 2397.75.
Long Term Levels - 2178.75, 2129.50, 2099.75, 2084, 2078.75, 2000.75, 2400
Very low range day yesterday. We need to escape the weeks range - that could happen today or in days time, impossible to know.
Plan
- Speculators more active yesterday, watch for healthy volume today
- Look to fade 2379.25 to 2397.75.
- Look for continuation up to 97.75
- No shorts between 79.25 to 97.75
- better trade is a low volume push through 88.50 and 97.50 that then fails and sees price move back to the range
- On the lookout for a break which will be followed if it breaks with significant volume
- May take up knitting to avoid boredom trades
Weekly Numbers
Range - 2379 -> 2403.75
Value - 2389.50 -> 2397
S1 - 2383, R1 - 2405.50
Daily Numbers
Range - 2379 -> 2393.50 / 2396
Value - 2384 -> 2392.50
Globex 2384.25 -> 2392.50
Settlement – 2391
Today - 2379.25, 2397.75.
Long Term Levels - 2178.75, 2129.50, 2099.75, 2084, 2078.75, 2000.75, 2400

