FINAL UPDATE: My 97.26 limit order just got hit. I hope that my decision to reign in my profit target for this trade wasn't a mistake as the June contract has been dropping like a rock since I sold it. Some inflation figures have come out as well as a Fed president's remarks about inflation rising faster than expected. The June contract was down as much as 8 ticks after 5 am this morning.
It is starting to look like I got filled on the low of the session. If the trading day ends higher I will be extremely satisfied with my decision to buy back here. This trade has worked out very well as I profited my target amount of 17 ticks.
I don't have any biases concerning the market right now and I am looking for another trade opportunity.
UPDATE: I moved down my stop order to 97.38 because the trade has moved much in my favor. I am now guaranteed a 5 tick profit if I get stopped out on a move upwards. The target remains at 97.26. I currently have an unrealized profit of 8.5 ticks, or $212.50.
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