- Check out UpTL on weekly chart (bold purple line).
- At least 5, if not 6 points of contact. So a break would be highly significant.
- Support is now at 97-84 vs last at 97-88. Low traded last night was 97-83.5.
- Daily already bearish. Large inverse saucer top evident.
06 April 2010
ED Futures : EDU1 Testing Strong UpTL
Labels:
ED Futures,
RATES
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3 comments:
Initiated short EDU1 @ 9790.
2nd shot @ 9791. Half of intended position on now. Average in 9790.5. For other half, await break of 9783.5.
Cut loss at 97.99. Should not have done the trade in anticipation of the UpTL break. Mistake.
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