|Friday’s settlement holds on pullback
during Monday’s Globex session.
Probability favors challenge of
Below, our monthly profile view from 30Nov.
November saw a stopping point develop at/near $84s.
This retested the Oct monthly profile (here) low at/near $85s.
The buying tail from $84-84.50s in Nov
indicate the longer term buyer shut off
the intermediate term sell auction.
This set the stage for the current rally phase toward 89.70s.
Using these structural views along with daily statistical projections
based on the market generated data, not opinion, informs
the participant in making inferences about market direction
& amplitude. More efficient trade entry & exit.
For additional information & a 5 day free trial,
please visit our (subscription page).