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Nice recovery

After good volume exchanged hands above 12500 in the early going, we saw a push lower, similar to what we saw yesterday. Good buying in place weathered the storm, and KCN never got much below 12400.
Despite the presence of N TAS on the sell side (-329), KCN again recovered and is once again trading 12495-12520. Again we see several thousand contracts trading in basically a 25 pt trading range.
Boring activity, but an impressive re-test of this 12500 level. Curious as to where we close.
Gt.