with the 20 long July a lesson in managing market risk, based on what took place today. Had a talk with him 20 minutes before the close to review the potential close. We decided to scalp out of the sell with a 1.42 deposit and hold his positions to see what tomorrows open gives us. The close back above 82.00 gives us a potential test of 82.50 resistance and maybe break it to go after 83.00. Our defensive plan gives us no other choice but to put our sell stops at the interday low of 81.55, which probably would trigger a retest of todays low range at 80.72-81.00.

We could see this $3 range for a week before it decides which end to break. That's good fishing weather which does wonders for my bank account growth. At this point in time whichever end breaks could easily be a sucker play while we wait for the Hog & Pigs report.