July Falters on Technical Selling

Traders love to fill in chart gaps and Monday’s strong open leftnot a wide chasm, but a small and clearly defined gap between $2.04and $2.05. To that end, sellers wasted no time Tuesday in pushingthe July contract lower. And once the gap was filled in thecontract continued to fall, settling at $1.989, down 11.1 cents.

June 17, 1998
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