Natty may have bottomed

已更新

The decline was so violent that if you blinked you missed it, it happened so fast I couldnt even get short at X. But it appears that the entire decline may be over and we are ready to resume the bull market. This idea is wrong under 2.75 and right above 2.85 on the December contract

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if we are rejected at C then we can expect more downside, a strong rally above the channel and the bottom is in and we can expect more upside

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No impulse upwards move after all. Instead a correction and further downside ahead. I'm looking to close my small long on an anticipated bounce today and await further downside towards one of those Y targets.