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What would you do with this pattern above? Would you be a buyer or a seller and why? What do you think it might be? Impactful?
If you have any thoughts, opinions, plans of action or would like the answer to this quiz, send me an email to [email protected] and I will plan on getting you the answer to this quiz tomorrow morning. Demand can be very high, if so it will be later in the day.
If will plan on posting the answer to this quiz on Friday. Good luck and have fun….Chris
ch…see blog for answer…you were very close, same theme.
is it copper????
http://btlplus.blogspot.com.ar/2012/05/jjc-update.html
ch
Mike…I will reveal what the quiz is later today.
It isn’t Crude oil, yet you sure are correct on what to do with Crude!
Chris
The commodity is Nymex Crude Oil bouncing off a key trendline.
It could perform a backtest of the redline before plunging but considering the Euro Crisis is getting worse daily….
I would be establishing a short via DTO for a plunge in crude.