Put in order to cover the crude short at break-even. I'll re-enter short on break of the grey M/A. Crude is responding to the rally in the stock market.
The gray MA? Is that roughly 140 period MA on the 10 min chart?
When you say "break of the MA", what kind of break are you talking about? Crude is trading below the MA now, so do you mean a break to the upside? Or a break below the MA minus 0.5% which would be roughly 90.80, so a break below 90.80?
Hello Steve,
ReplyDeleteThe gray MA? Is that roughly 140 period MA on the 10 min chart?
When you say "break of the MA", what kind of break are you talking about? Crude is trading below the MA now, so do you mean a break to the upside? Or a break below the MA minus 0.5% which would be roughly 90.80, so a break below 90.80?
The grey is a 19-unit. I'm using 10 cents on a 10-minute close as my envelope. Currently any close below 90.975.
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