As yesterday,
1 short position establish @ 2140.
cut loss at 2147.
loss 7 points/lots
results:
0 safe, 0 con, 3 loss, 3 win.
CPO outlook,
Still Bearish. But in critical region.
CPO struggling at 2160 - 2120 range.
if break 2120 will indicate 1st selling signal.
Aim for short position.
Strategy:
If CPO gap up >2185, bullish signal. long after 1st hourly bar complete, cut loss at 2128 - 5 points.
If CPO gap up > 2162, no more short intention until break support levels.
If CPO 2120 < x <2160, stay out.
If CPO <2120, 1st short signal, short, cut loss at 2160 as stop.
If CPO <2070, bear is confirmed. short, cut loss at 2160. However, profit target seen at 1930.
All the best in trading.
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For better returns using precise stock futures tips is must. Post like these also helps traders in understand market fluctuations and movements in a better manner.
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