So, GB eventually saw the acceptation back inside yes range (2 periods closed below its high 2605) and it repaired (at least partially) all the 6 yesterday pit sesssion anomalies (at the pip). See previous post to visualize them. Now Gb is currently spiking downside but note that, in turn, it left above alredy 5 anomalies. And this is a clear demonstration of the fact that what we are seeing now is liquidation more than new money selling. So watch out because unless other timeframes will pile on this action, morphing it in somthing more, it is currently pretty weak.
About upcoming pit session, remember that the most important refs are the yesterday pull back low at 2594, the yesterday poor high at 2638 and obviously the pit November high at 26354 (above). Downside instead its most important levels are the yesterday pit gap upside at 2542-25545 and the cluster zone at 2500. Remember also that currently we do not have a good high for pit session as yesterday was a poor high (this does not mean it has to go upside right now and take it out imediately.)
Finally overnight inventories are currently net short. As yesterday pit unchanged is at 2633.
PS: Unless this last J period will do a substantial action downside, preUS is going to open inside yesterday pit range.
About upcoming pit session, remember that the most important refs are the yesterday pull back low at 2594, the yesterday poor high at 2638 and obviously the pit November high at 26354 (above). Downside instead its most important levels are the yesterday pit gap upside at 2542-25545 and the cluster zone at 2500. Remember also that currently we do not have a good high for pit session as yesterday was a poor high (this does not mean it has to go upside right now and take it out imediately.)
Finally overnight inventories are currently net short. As yesterday pit unchanged is at 2633.
PS: Unless this last J period will do a substantial action downside, preUS is going to open inside yesterday pit range.
Ubi maior minor cessat