The rally missed our bullish benchmark by 0.70 yesterday (basis June), hinting that there is not enough conviction to keep Wednesday’s short-squeeze going on merely bullish buying. The good news is that bears are still very much on the ropes, and the futures therefore could easily get squeezed again if relief does not come Thursday night in the form of a manipulated swoon. The most bullish thing that could happen today would be a thrust exceeding the 981.00 peak recorded February 25 on the way down.