The Dirtballs who work the night shift were keeping bears on the hook after Thursday’s weak short squeeze, pushing the futures a tick above the regular-session high. They have not yet reached the 1656.75 midpoint resistance shown, however, and there was therefore an off-chance that the rally might not go much higher than that. If not, traders should expect a further push to 1664.25, a target that looks like it will work precisely enough to be shortable with a stop-loss as tight as 1.00 point. If you do so via a straight offer, one contract should do it; if by camouflage, try four. If the order fills, you’ll be on your own. For single-contract players, you’ll need a move of at least 3.00 points in your favor before you deploy a stop-loss (presumably a trailing one, but you could also tie the position to an impulse leg-based stop on the 1- or 3-minute chart).. Click here to learn how you can reduce entry risk by using the ‘camouflage’ trading technique.
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