We have a double top failure from and have failed to pullback so far. Here are the near term trade scenarios that I see.
Key trend decider at 56.50s- bearish hold below and bullish for hold above.
1 . Hold below 56.50s- a potential test of 55.35 areas is on.
2. fails to break through and pulls above 56.50 areas look to test back 57.20 areas
Key trend decider at 56.50s- bearish hold below and bullish for hold above.
1 . Hold below 56.50s- a potential test of 55.35 areas is on.
2. fails to break through and pulls above 56.50 areas look to test back 57.20 areas
Trade closed manually:
It literally did play on both sides pretty nice.
1. intial shorts 50 cents hit the support ( blue line) and core positions were out there, rest stopped out.
2. the break above 56.5 was nice, not enough pullback to get a full sized entry but still was a straight through trade
1. intial shorts 50 cents hit the support ( blue line) and core positions were out there, rest stopped out.
2. the break above 56.5 was nice, not enough pullback to get a full sized entry but still was a straight through trade