Today gapped down as export data is weak fell 7.6% in 1st 15days of May.. price recovered slowly to closed the gap at the end..
As price broke the gann line 8x1, expecting it to be more bearish, however, price recovered in 2nd half of the day.. is this due to rollover factor(people closed position)??
on the 1st attempt to closed gap failed at 90, near to 4x1 line.. currently it trying to test at the same line. Hopefully it will fail, so that it can continue the downtrend in new contract of Aug..
My concern is, price must not reach 2301 as it will violate current wave.. so, lets see tomorrow..
Hopefully, price will gap down again with sentiment of weak export data.. sorry i might give a bias comment as i am in position of short.. lol..
Happy trading