Tried shorting crude recently. Shorted around 90 was stopped out around 92. We've rallied a bit above there and seem to be holding this as support. My original plan was to short crude again but this looks stronger than I'd expected.
If we were to assume a big chart breakout on crude was coming and would extend to the classic fib target levels, this would suggest we might be due to see some pretty ugly real world events.
Hope this one does not happen. But as a trader, it looks like a trade.
If we were to assume a big chart breakout on crude was coming and would extend to the classic fib target levels, this would suggest we might be due to see some pretty ugly real world events.
Hope this one does not happen. But as a trader, it looks like a trade.