Major support held
State of the nation:
So far the major support zone has held
The daily trend up is broken and we are in a down trend since May 6 from 62.61 high.
Inventories are still extremely high and climbing for the most part.
It appears that the larger secular bear is still the main structure.
Short Term Strategies:
Some may choose to go long in to the resistance levels, others may elect to wait for opportune moments to get short at resistance or below 57.93.
I think selling premium on pops remains one of the most interesting plays.
So far the major support zone has held
The daily trend up is broken and we are in a down trend since May 6 from 62.61 high.
Inventories are still extremely high and climbing for the most part.
It appears that the larger secular bear is still the main structure.
Short Term Strategies:
Some may choose to go long in to the resistance levels, others may elect to wait for opportune moments to get short at resistance or below 57.93.
I think selling premium on pops remains one of the most interesting plays.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.