Natty has found a strong bottom at 2.7. An important thing to note about this price is that technicals supported this price as a perfect place to bounce as it served as May's monthly bottom and strong bullish RSI divergence on the daily reflected signs of a strong possible bounce. Anyways, going-forward, regardless of weekend gap (i think we gap down based on last weeks' gap), I expect natty to test ~2.8 (top of purple trend line). Natty continued a complex consolidation here now taking the form of a bearish rising wedge with resistance ~2.8 and would be looking to short here for a possible break-down of this pattern back to 2.78 and then ~2.75. Mid-term, I expect natty to chop sideways until there are significant signs of higher CDDs.
Best of luck to you all!
Best of luck to you all!