Did You Go Short?
I am speaking of oil of course. Once it hit the area where I defined for you to go short I went short. I hope that you did too. You have to hold it through a lot of whip saw and a good way to do that is to average down with a distinct stop in mind.
You Can hold it as I am going to do with this position until it reaches around the 48 to 47 level where it is likely to move sideways for quite some time.
If you play around on the futures market I would be looking to sell any major rise. I generally play the spot market because it allows me to control leverage much more.
Anyway you can see from the chart below the play in action.
You Can hold it as I am going to do with this position until it reaches around the 48 to 47 level where it is likely to move sideways for quite some time.
If you play around on the futures market I would be looking to sell any major rise. I generally play the spot market because it allows me to control leverage much more.
Anyway you can see from the chart below the play in action.
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