Tempted

2020年8月4日

We hit all targets mentioned previously. One step closer to the gap, do we fill this in this attempt? Likely, but given today's action it just feels heavy. I kinda missed the long in expectation of the 71/73 area and just did not feel the mojo so stayed out. Given the current configuration and the market still holding the 83 area, it seems likely we get to the 04/06 area. If I were pulling the levers, I would pull a rabbit down to the 65 area and then push past the 06 area to fill the gap. But that's me. I think that for tomorrow the trade from the extremes is likely to be more comfortable. Levels below still remain in the 71/73 area with an extension to test the 65 level. Note, in spite of this move up the favoured auction area for the last two weeks is still 60 points below.. So, a little caution is warranted. Let's see what tomorrow brings. GL