by Chris
This is a chart of the futures, which I track more closely than the cash markets, so it won’t line up perfectly but it’s close enough on a numbers basis and directionally identical.
There’s a big area of congestion and support in that orange box. Expect a huge fight at the next big round number at 2600 for sure.
The real number to watch will be the double low from Feb at 2525 there at the purple dotted line. if that breaks there’s a ton of air under there.
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