Wednesday was a fairly straightforward day. A waste of time due to the narrow range. If you can make 2-4 ticks on a day with a 6 tick range you are doing very, very well. The idea is to tread water on such a day saving your energy for a day like today (Thursday) and tomorrow (Friday).
Since I believe today and tomorrow to be very important days I will post a brief pre-market commentary, followed by my price projections for today.
Today we have one 0730 CST report, Jobless Claims. As you know from reading this journal, I have no knowledge of the possible numbers nor do I care. I only care about 0735 CST. Then I make my decision.
Yesterday, we traded in a tight range from 106 20 to 10613. I'm not talking about the day's high and low, simply the most important range for the day. These two numbers are important.
Here are the price projection numbers for the day:
High
106 28
Low
106 03
Middle
106 15
I would be a seller of any attempts beneath 106 12 and hold until 106 06 looking for 106 03.