Crude Oil Battery Loading
Updated
First of all we see that the uptrend is not broken so far.
They washed the longs out (red box), made a new high and then dropped with a "Scary Drop" to flush the new longs out again. Nice how they came down to the center line.
Now, back above the CL, it seems that the Battery is loading again. However, the could make a new low of course. But in this current environment, I'l put my chips to the long side.
Thus, I expect a new move to the north.
In the Futures, the spreads are mostly insane currently. So I only trade super light, in case of a X-Sigma move against my position. The Micro Futures are OK for me. They give a trader also the possiblity to not only have one position, but to scale in. This minimize the risk and if done right, can multiple the reward (aka Reverse Pyramiding).
So, let's find out wasup in a couple hours from now.
They washed the longs out (red box), made a new high and then dropped with a "Scary Drop" to flush the new longs out again. Nice how they came down to the center line.
Now, back above the CL, it seems that the Battery is loading again. However, the could make a new low of course. But in this current environment, I'l put my chips to the long side.
Thus, I expect a new move to the north.
In the Futures, the spreads are mostly insane currently. So I only trade super light, in case of a X-Sigma move against my position. The Micro Futures are OK for me. They give a trader also the possiblity to not only have one position, but to scale in. This minimize the risk and if done right, can multiple the reward (aka Reverse Pyramiding).
So, let's find out wasup in a couple hours from now.
Note
Bummer...the battery unloaded to the wrong side ;-)OK, I still want to see if pirce holds at the centerline.
That's exactly why multiple entrys should be planned in these volatile markets.
Note
Now I know what hapend.They changed the battery to a much bigger, "Tesla" one §8-)
Note
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.