I drew some Support lines as NG went up over the last week...question is now, will NG keep going up or will it finally reverse and 5.55 becomes a new Resistance area?
Guess we shall see. In case price action comes crashing down through my Alligator over the next few hours, or overnight tonight, I have put in a Sell order at 5.5 which will be under the green line but probably not the red line - not an ideal trade, but it might work. lol All depends on price action.
Anyway, will keep you updated.
I'm also looking at Wheat, Corn and Soybeans at the opening bell at 8pm EST to see what happens. Soybeans is almost at Resistance, so if it goes up a bit more, I'll probably put in a Sell order to ride price action back down to Support this week.
Stay safe.
Heiko
Guess we shall see. In case price action comes crashing down through my Alligator over the next few hours, or overnight tonight, I have put in a Sell order at 5.5 which will be under the green line but probably not the red line - not an ideal trade, but it might work. lol All depends on price action.
Anyway, will keep you updated.
I'm also looking at Wheat, Corn and Soybeans at the opening bell at 8pm EST to see what happens. Soybeans is almost at Resistance, so if it goes up a bit more, I'll probably put in a Sell order to ride price action back down to Support this week.
Stay safe.
Heiko
액티브 트레이드:
Gonna ride this baby hoping down to 5
Stay Safe
Heiko