The June contract was frolicking at cliff’s edge, here the 27.590 ‘D’ support of the pattern shown. A breakdown would portend more weakness to as low as 26.705, the target derived from A2. If we take just the last piece of the downtrend, starting with 29.900 from 5/13 as ‘A’ (60m), then an additional support at 27.330 becomes manifest. As always, a breach of any Hidden Pivot support implies more downside to the next.
