Technically, there is important support at 44. Will it hold? That's the play.
Above 49, A decent counter trend rally is at play.. but waiting for this is leaving half of the move behind.. Not ideal but I think it has good chances to work.
If wrong, i stop and move on. No guarantee.
Comments
jangseohee
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Catching a falling AXE, nice
YaKa
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"tight" stop.. the knife wont have the time to gain too much momentum...
44 is a serious support candidate - very serious..
my view: enough dammage on its own on crude... now it's going to mirror the bullishness or bearishness elsewhere for a bit.