wds reaction sub $24. when it ran from $16 to $20 to $40 it was the $24 level where it finally jumped through and ran
my attention was drawn to the recent hammer back down to Sub $24 and it held and now at $25 undergoing a backtest of sorts
it drew the attention of a lot of other traders given the reaction there
oil also below value just here so will just need a slight recovery to push wds into a decent trade but early days
opec meet this week so no surprise to see current hammer pending the meeting
sto similar position
sfr worked nicely and expect a backtest of $10 level
bhp range set $38 to $46
US Fed quiet until november. should all ebb and flow till then as inflation and jobs figures come out
this Q4 has to be my best period for trading with the volatility
gj you may want to compare correlation between oil and gold over last 50 years but up to you
The Brains Trust - 2024, page-2371
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