NG New Lows ahead of the Pit Open

With low after low printing and the Daily target hit, the retracement trade remains a questionable event.

Updated Micro Chart will be posted in a few minutes.

I hold no positions now, stopped on small Short for a nice scalp on 8 combined contracts.

The Storage will produce a reaction as Price has moved South in a hurry ahead of them – waiting for direction and will not be entering trades unless there is a clear signal on Micros.

A clean break up would induce some sellers stops being run, the 2880 level has a 13 tick front run at the moment, see if it holds on a 2nd test prior to testing the Buy Side – Perhaps after 9AM EST.

 

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