Low volume rally leaves double distribution in market profile chart. Mechanical buying exactly from the opening tick in B period shows short term traders in control. Each distribution can be looked at as a separate balance. Price acceptance below 2847.00 targets the lower distribution.
Acceptance above Monday’s high could target the unfilled gap from Jan. 29th at 2860.00 (September contract) and potentially the all time high at 2883.75.
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