back to 240Expecting a move back down to 240 is expected, and a break under 265 on SOW would be a sign we on the move. Considering that last week demand was still strong in presence, even tho it go absorbed at 285, I could expect more test of the zone before it would go down. Which would give us a even better sell entry when there’s signs of weak demand coming out of there if we go back test the area again. A move back directly to 240 is also a possibility if supply keep on showing presence as it is.
Daily
Supply has been overweighting for the 6 last day.
Weekly
Monthly