Long Term expecting this to revisit 20$+
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Short term -- The Harvest is here, take profit.
Was slightly surprised to see it push into $10 - I had thought we would see a more immediate sell off in the $9.xx then we have.
Resistance "A" acted a bit tougher to break through then I had expected, & I feel that we are likely to see similar struggles around "B" & "C" -
Given the move/pending the close I wouldn't be surprised if this disregards those areas & continues to rally to 13.75 - 14 quite quickly -
For now, the game is patience. Happy to sit on the sidelines pending a setup that meets my criteria with the intention to make a future move with either the Dec/March contracts
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Short term -- The Harvest is here, take profit.
Was slightly surprised to see it push into $10 - I had thought we would see a more immediate sell off in the $9.xx then we have.
Resistance "A" acted a bit tougher to break through then I had expected, & I feel that we are likely to see similar struggles around "B" & "C" -
Given the move/pending the close I wouldn't be surprised if this disregards those areas & continues to rally to 13.75 - 14 quite quickly -
For now, the game is patience. Happy to sit on the sidelines pending a setup that meets my criteria with the intention to make a future move with either the Dec/March contracts
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