Thanks for the chart/comments
It's that "rubber band" that has had me wary ......
I posted this beginning of week when at 42 cents.
At the moment, Feb. Ng is at 2.55. My eyes give me 2.97 for the 20 ema or a 42
cent difference. If rubber band snapped back in one shot would cost -4209 on
full contract or -1059.02 on the emini if you were unable to close with stop
Now the "rubber band" is at about 55 cents ....
So are exposed to 5491 on Full and 1366 on Emini
Time to switch to March contract, at least by Monday as the volume has picked up.
I like to trade the Emini but have to be careful on the volume and stops.