My gut says tomorrow we continue the bounce up to 45 and possibly 45.33.
Watch the overnight price action to see if you can spot a trend. This is important b/c an avg down day will takes us through 44.20, well into the pause zone b/w 44.20 and 43.75. While, an average up day will take us exactly back to today's highs.
I've added 4 new custom gain/decline study lines.
To draw these lines, I calculated, the average and maximum gain and loss (in percentage terms) from the NYMEX Close (2:30pm) to Market Close (4pm), to GLOBEX Close (5:15pm), to GLOBEX Open (6pm), to European Market Open (3am), to 9am, and to the following day's NYMEX Close (2:30pm), for every trading day since June 1st.
With $OVX relatively low, and few anecdotal intraday reversals (since the downtrend in late June began), these lines should be helpful in spotting a trend to guide whether there's any chance we re-test 44.20 before the end of the weekend.