The above chart is an hourly chart, i would like to see a close below the trendline to feel more confident that the break is valid.
JUNGL15T
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Looks like it's closed out below it, so you do not think there will be a final rally tomorrow before contracts expire? I think it might have one more run left in it, before continuing down on Monday.
stama13
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i believe there is a very low probability for any significant rally tomorrow. I have just posted a picture of how i am trading it.
i hope it helps
JUNGL15T
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Nice analysis. I took a chance and entered at 46.52 :)
stama13
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Hopefully it will work out as planned
JUNGL15T
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Do you think it'll get there before contracts expire on 17?
The above chart is an hourly chart, i would like to see a close below the trendline to feel more confident that the break is valid.