Grain complex dropped lower overnight. Wheat had 12 points move before open which was unusual. My first exit order was filled overnight at 16 5/8. I made a mistake which I forgot to lower my order target before go to bed. Wheat continued down another 10 points in RTH. It's closed at low of BB daily but before Fib 50% RT for its entire up move. It may get a bounce tomorrow if USDA export report is bullish. I should be able to reduce my call positions further with time decay and they are all OTM.
ES finally broke 1880.25 and made a new high of 1886. It looks like a new balance area is developing. I sold 2 calls too early. The same thing happened I thought about wait but still placed orders. Now all my calls are underwater. I need to unwind them.
CL had a bullish inventory report with -1.2 million B inventory but price didn't respond much to the news. This year's seasonality may be pressured by US's own increasing production of crude oil. Something need to be recognized and trade accordingly.
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