| This is front month will be switching to the July contract probably after next week, July is a little below 6k in volume. It is possible to get to 6.21, even further, we have to see how it reacts to the downslope'r it's come up against, and if the timing cycles are in line with price. That will tell us how to trade it. It could break it and not look back... The next turn date on a weekly level is the week of the 21st. If you look at the stochastic, you have red below blue and yellow...this is bullish. The Energy peaked at the heart, with price falling with it until this week. I'm not sure it is bearish enough on the energy to be able to rally this market in a major way. Seems we need to watch for the Ides of May for a strong turn. If it manages to get above the projection line, then it will be higher than you can imagine.
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