No explanation, I'm short from 3.14. Well, for one thing, the Daily was an inside day, that can lead to more volatility and a friday runner.
And come to think of it, 3.14 is pi, but that does'nt play a role in my analysis.
Trapping the short chasers at CME open, I suspect a long is due since we ploughed throug resistance october 25-28, now its ready to punch through.
This is catching the 480 timeframe retracement of that.
This is just the entry, at the moment I think this could be the low for a while so that's why I post it. Aiming for 59.50, that makes this a 1:15 trade.