Perhaps for fairly short-term trades this period of transition, as July quickly approaches June's volume, is best either avoided or traded extra carefully. No?
I dunno. It started out as a predictable day (see the chart), but being an idiot that I am, I kept going against my own conviction. What seems like a "pure" trend in hindsight is an amalgam of messy whipsaws. Up, down, up, down, each 5-minute bar had an average range of 40 ticks. Who would want to sit through an endless whipsaw of 40 ticks?
This monthly rollover ritual is creating another bout of headache. Dammit, I wish they would go quarterly. In any case, I see a modest reversal in play. The upside target is 77.50 for the July contract. However, I still believe we'll hit 60 (on the June contract) more sooner than later. But what does it matter? I probably will not follow my own advice anyway.