Premium Report:- Higher open today and the Daily system goes short:- High risk short to be trading a rising weekly trend in both markets, and trading above 6647.
EOD traders:- shorting then the expectation is that the gap of 6642 will close, and hopefully move down 87 points to close yesterday’s Expected ‘gap’ closure. (less probability)
If short trading Daily system today:- use partial exit @ 6643 and move stops to dollar breakeven, with 2nd contract and look for 2nd exit:- 2 ticks above yesterdays lows or around 87 points down.
6643 gap closure will confirm support above the Weekly cycle highs 6647 and could continue upwards and follow much higher prices, especially if US markets move higher.(7th December 8:30am)
10:30
Gap close partial exit @ 6643.
Technically the market looks bullish, (higher Friday close and closure above 6647)
44 points up from today's swing lows will take it to the upper Risk level of 6685 (this morning)
But systems favour holding shorts into lower levels. (stop above today's highs)
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