Market started open drive on Monday morning. ES hit its upper target of 1856.25. But it started falling in the afternoon. It closed at previous break out area of 1845. This looks like a launch pad from CV profile. Or it could be a weak bull's end. I didn't chase it.
CL tested last August high again today. Although it was pushed down but it still holding on the edge of the HVA. It's kind of odd that CL already at last summer's level. I tried to hedge it from put side but no fill. I am still waiting for a break out or break down as a confirmation to add my calls. Expiration still gets a long way to go.
Grains were supported mainly by soybean. Soybean was up again on strong demand and more rains in Brazil. I added a wheat 680 call sell this month before closing. The trend is on my side and hope it will hold.
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