Some further considerations here:
- Current February month has a poor high, made by Sydney at 31845: it is pretty rare to see a so weak month high preserved for a long time. It could be but it is rare.
- During this month we left upside a substantial amount of weaknesses and gaps made both by GB and Pit sessions.
- Today GB session failed above GB November 19 high 2985 but built its entire value above January breakeven (2954).
Now, it is true that we got numerous weaknesses to correct downside and that current Pit session failed above 2972-75 but we are in cable and Pit session is maybe not the strongest portion of this market: so watch out and take all these information in your scenarios.
Ubi maior minor cessat