Needs to close the gap from past run up and test new support around 24.50 then proceed to test resistance again.
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Temporary support at 27.48. Watch for a break or a bounce.
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This is going to test an old support around 27.35.
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Not a bad day for shorts. We'll see where this opens tomorrow and go from there.
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After some research, last Friday’s report showed that commercial traders were net short 277,000 contracts. That’s the second highest short position of the past 20 years.(second to the 316,000 net short position in August 2016) Things should get interesting today. GDP Numbers come out today which may also affect the market in total. Busy day, keep your eyes peeled.
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MACD is crossing Downward on the Daily.
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27.35 is a small old support from July 18.