The NFP news event on Friday drove price down on GC, CL and ES. However, the ES rallied 10 points over the last 90 minutes of trading.
On the Thursday, I had seen very aggressive selling early on for all 3 instruments and this should have given me an indication where price was headed over the next couple of day. I do not trade on NFP day, so I was just watching.
I missed a good short on Thursday on ES and also CL after seeing the aggressive selling. CL has since fallen 400 ticks right to where I expected it to.
I will be looking for the better supply levels to short on all 3 instrument on Monday. Here are some charts over the last 2 days.
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