Crude - Back to Equilibrium
After the BRK of the small A/R set's U-MLH, price rocket higher, up to the EP
where the blue and green CL's meet.
It's very possible to me, we see price above 47.
If so, price then is above the blue CL again - the biggy would be re- broken.
Facts:
- BRK the slanted coil (orange...to bring poublic short and holding the bag open?)
- back to start (bag full. enough now?)
- Coil and blue CL acting still as resistance
- alltough price showed it's intention to go higher from mid Aug., there
is NO REAL higher Pivot broken (...would be the case if $50 is hit)
By playing this market with option strategies, one could collect premium
instead of exposing his capital to directional trading risk.
P!
where the blue and green CL's meet.
It's very possible to me, we see price above 47.
If so, price then is above the blue CL again - the biggy would be re- broken.
Facts:
- BRK the slanted coil (orange...to bring poublic short and holding the bag open?)
- back to start (bag full. enough now?)
- Coil and blue CL acting still as resistance
- alltough price showed it's intention to go higher from mid Aug., there
is NO REAL higher Pivot broken (...would be the case if $50 is hit)
By playing this market with option strategies, one could collect premium
instead of exposing his capital to directional trading risk.
P!
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