Indexes kept up trends but but hesitated to break out. They are waiting for tomorrow's Fed FOMC announcement. I didn't have any fill in ES. I shouldn't have placed bear calls considering the up coming FED meeting. Glad it didn't get filled. I must stay with my rules tomorrow: No entries within 30 minutes of the announcement, wait for both directions fully auctioned and the direction is clear.
I had a CL bull put of 96 filled when CL popped over $1.5 and pulled back. It turned out to be more than a pb. It's testing yesterday's low after market. I will deal with it if it break down after tomorrow's CL inventory report.
Grains continued to moving up. I am into June's expiration now. Remember that grains trend a lot longer and stronger than equities. Wheat is in poorer condition according to the field tour report. It may go up a lot more. I need to hold off on bear calls.
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