No change in view.
The market condition is very long, and even though the news points to supply shortages, one can see its more speculative, is my personal view. I was unable to buy back the move lower $ 115 (low 115.52) but short is not bad around $ 118.50 (rounded) with reasonable leverage.
The strategy for today I feel we sell $ 130 above if seen. If new sell current and add $ 140 above. Profit orders 25% @ 115; 25% @ 108 and balance at $ 96 for now.
The market condition is very long, and even though the news points to supply shortages, one can see its more speculative, is my personal view. I was unable to buy back the move lower $ 115 (low 115.52) but short is not bad around $ 118.50 (rounded) with reasonable leverage.
The strategy for today I feel we sell $ 130 above if seen. If new sell current and add $ 140 above. Profit orders 25% @ 115; 25% @ 108 and balance at $ 96 for now.
Comment:
took back 25% @ 117.50. Rest as is before.
Comment:
25% taken back @ 110.25. now waiting for balance @ 96.