This future found its way to find new highs earlier on at today’s pivotal price 148.22. The morning update stated the 148.15 price needed to be offered in order to enhance a rotation back to new lows. However, that wasn’t the case when it made a last low at 148.16, tested that level several times in a 5 minute period and when it bid above the pivotal price, the early bias of seller beware stayed the course ascending steps to new highs along the way. 149.00 was the next new high, followed by a low t 148.28. New highs at 149.02 did find a trade under that last low, print 148.27, which in turn held the pre-market high of 148.27 as it took one last move at this time to find new highs by 1 currently at 149.03. Falling short of today’s and fib level, 149.06, still is on the agenda, followed by the weekly fib at 149.17. Charts need to readdress the pivotal price 148.22 in order to void any further upside for the remainder of the day. Decision time heading into the noon hour……bias controlled by the long end.
Sign Up Here To Get Top Notch Tradings Daily Technical Analysis Delivered To Your Inbox Before The Open
Dont Forget To Subscribe To Our YouTube Channel!
Sign Up Here: http://www.youtube.com/mrtopstepgroup