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CME is putting in a great looking pattern, with a trigger level at 75:
Key resistance is 75.25, key support is 70.25. If resistance breaks, it’s a 5 point measured move up to 80.
I think you can anticipate here by using Nov 75/80 bull call spreads for 1.20 or better. Start with a 1/2 position with a stop under 70, then add if 75 breaks out. Initial target is 52 week highs, then 80.
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