As mentioned yesterday, back in November during the Z OE, we saw big support at 13000 for 2 days (Z) and for KCH the level was 13305. The market then proceeded to rally and after the dip to 13400 (Friday following Thanksgiving), we were once again in rally mode. Now we have broken all key downside support levels and are once again approaching the 13305 level.
Current low 13310. Size trading 13320, 13315. As of now, the pressure remains on this market.
gt.