First TP hit. Second leg as per graph.
Strong upper resistance leading to retrace down to $27-$29 area.
Sideways movement forming a wedge. Important to keep track of yesterdays pivot point @ 31.45 which has served as a strong resistance point.
June contract settles on 19th of June. Pay careful attention to bottom support
Classic C&H on top of resistance lines.
Still within channel heading down. Keep S/L tight. High volatility likely over next week while June contracts close.
na
