This future is providing some key opportunities with the pivotal price today. It’s about time!! After earlier lows at 150.28 found that price 151.03 for a spot on high, it followed with a move to new lows 150.21 mentioned in this mornings update. The ensuing bounce retested the pivotal price with a last high at 151.04 which in turn turned to look for todays downside # price of 150.15, current low 150.16. It has volleyed between a high of 150.20 and that last low as it looks to make a move heading into the noon hour. The breadth is negative moving forward. It warns of continued erosion targeting the 2nd fib of 150.13, as well as the 100 day m.a. 150.04. Needing a move back above the low of 150.27 from yesterday on this move to stop further erosion in this guys eyes, with a confirmation move back above yesterdays settle price 151.07 to complete the deal. This future has been fickle, but with the failure at the year end highs again it feels heavy. However, it could easily duplicate a move from yesterday that sees them trade out the rest of the session. Tabbing the board for clues.
