23.15 just hit
2310 now
trolling above 2300, shorts are gone looks like, ran out of ammo, its all west coast longs look like.
a bit of take at 2330 and up & away she goes imho.
BULLS want a close of 23.20-24.20 for another higher green candle (looked like it at the open)
SHORTS want a close of 2300 or less to create a red hammer candle & stop the improving TA especially the MACD RSI reversals underway (looking like highly improbable now)
Yet the 3 short attacks today at 2300 2290 2300 where they tried to push it below 2280 ALL FAILED.
Now the shorts sit there pondering whether to hold overnight or take the 30c loss now or hoping on hope it will open lower tuesday (monday is a day off)
SHORTS holding for 4 days is not there thing at all
so 90% of the daily SHORTS will & MUST BUY &cover this afternoon imho
they have no choice
Holding for 4 days is NUTS and the pit boss will not allow it, not on this chart and bullish sentiment.
If more bullish news appears & more shipping happens as expected it may open at 2400 on tuesday and they will be loosing 100c then instead of 30c now
Tuesday is a long way away.
Anything could happen but with the current TA, its probable to be higher Tuesday.
SHORTS gone nowhere today, lost 30c and counting, some maybe even with 40c losses on 3 failed attacks
SHORTS in trouble as i said here.
2 hours to go SHORTs, your times up, time to get out and stay out.
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