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ClashChartsTeam
Dec 19, 2023 4:59 PM

STRONG SUPPORT 

Swiss Franc Futures (Mar 2024)CME GLOBEX

Description

There is an active position set at strike 1.145 for the second day in a row. The portfolio consists of naked puts, and the volume for the current contract is already significant. The synthetic formula enables the owner to take a long position with zero risk when the price reaches the specified strike.

!!!!!We consider this level a strong support level when reached. !!!!!!!

Currently, there are no grounds for opening short positions. Keep in mind, the portfolio's appearance at the strike does not guarantee that the price will move in its direction.
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