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.
- 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 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.
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