/CL had a hard reversal the past few days and is coming up
against the middle BB on declining volume. Trimming and
taking profits in DUG, DRIP and ERY when I posted earlier in the
week allowed me stay in them. The 9EMA is holding on all 3.
If /CL gets rejected at the middle BB, those trades should
perform well next week. If /CL powers on up, I'll be stopped
out but still profitable. Tough trading these days....
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/CL had a hard reversal
Posted by rjdst on 23rd of Jul 2021 at 03:00 pm
/CL had a hard reversal the past few days and is coming up against the middle BB on declining volume. Trimming and taking profits in DUG, DRIP and ERY when I posted earlier in the week allowed me stay in them. The 9EMA is holding on all 3. If /CL gets rejected at the middle BB, those trades should perform well next week. If /CL powers on up, I'll be stopped out but still profitable. Tough trading these days....