A so-far $13 bounce has turned the February contract higher from 1636.00, but the 1631.80 downside target given here earlier still looks too compelling to avoid. Under the circumstances, we should expect the futures to relapse down to that Hidden Pivot today or Monday. The good news is that the support can be bottom-fished via camouflage or with a straight bid tied to a stop-loss as tight as six ticks.
