Price has retested 1200.00 and contracted this morning. Premise for today is to watch for a range 1200.00 - 1210.50 with an upward bias. If price breaks 1210.50, look for a continued grind up. If price breaks 1200.00, look for a correction down to 1186.25. I will look to initiate longs off 1200.00 and shorts off 1210.00 after an extension and move back inside. I will also look to initiate shorts with structure if 1200.00 breaks.
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