The H & S set up worked out beautifully since breaking down.
Drop was close enough to the $100 mark so I'm happy to have closed out Jan puts but left some longer dated contracts live as I am expecting bounce to be temporary (if any) as IMO is trading overvalued atm.
Long holders would want a bounce from here as any gapping down below $99.50 will target $95-96 where there should be decent support.
Any push below $95 could potentially cause selling to accelerate.
Big numbers such as $100 often maintain enough psychological support as they do from volume alone.
Pair this with xmas volume and anything could happen from here.
Trade safe, stay nimble and good luck which ever way you trade
CBA daily
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(20min delay)