No change in view.
The market condition is very long, and even though the news points to supply shortages, one can see its more speculative, is my personal view. I was unable to buy back the move lower $ 115 (low 115.52) but short is not bad around $ 118.50 (rounded) with reasonable leverage.
The strategy for today I feel we sell $ 130 above if seen. If new sell current and add $ 140 above. Profit orders 25% @ 115; 25% @ 108 and balance at $ 96 for now.
The market condition is very long, and even though the news points to supply shortages, one can see its more speculative, is my personal view. I was unable to buy back the move lower $ 115 (low 115.52) but short is not bad around $ 118.50 (rounded) with reasonable leverage.
The strategy for today I feel we sell $ 130 above if seen. If new sell current and add $ 140 above. Profit orders 25% @ 115; 25% @ 108 and balance at $ 96 for now.
Note
took back 25% @ 117.50. Rest as is before.Note
25% taken back @ 110.25. now waiting for balance @ 96.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.