As I have mentioned quite a bit of late, the dollar trade is carrying less weight then it has in the past. We are not seeing the consistent "sensitivity" of commodities (including kc) to the dollar index.
As for size, we are seeing the size bid for at 13150 (N) for the 4th straight day. As I have said, the market typically goes to the size, but we have not even seen a test of that price level in the last 3 days. The 13000 level (K) which is just above that KCN bid, continues to serve as good support.
KCK just spiked back through unchanged but lack of follow through again so far. Now trading 13085.
Barefoot makes a good point regarding price vs non-price and he by selling KCJ puts is taking advantage. For me the premiums for those puts are for me, not worth selling. As for futures, I can not get long right here as this market is very supsicious and lacking any real volume and conviction. Willing to wait for some improved market activity.
gt.