I first posted this back in June, I think, with downside targets. It's amazing how little support was found on the way down, even a counter rally.
Now an updated one, with new support levels in place. Again it's hard not to see a counter rally back up coming into play but the trade is quite bearish and net short positions by funds are not yet at super high levels, meaning a short covering rally doesn't have the same potential as it did earlier in the year when cbot shot through 700c/bu
