Sunday, January 15, 2017 1:38:23 PM
So the ensembles have extended the cold out another week?!
sheesh
A gap up is looking less likely but I'll short it if it does. Rally can't continue without the weather forecast driving the futures. "Futures pricing power"
Hopefully it hits 3.52/.55 during my trading time so I can.
Support could be 3.30/3.35 ...spot currently 3.36 and I expect that to fall this week after it spikes due to the ice storm. Shorts can follow spot down.
Hopefully the foreigners are watching the weather headlines/news clips of Ice/Automobile accidents this weekend and drive this thing north for a day and a half .
I could stand taking a 1-2 day trip from 3.55 to 3.35. Maybe even lower by the time Spot$ starts slipping into Thurday
Jan 31st:
That's my .02
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