On the daily chart KOLD has been testing resistance since February with a single touch in
February , a head and shoulders in April and a double top in early May. It is now retracing
due to the rise in natural gas prices in the past 10 days. A support line from a prior
retracement in early March is drawn at 41.45. This analysis is further supported by the zero-lag
MACD oscillator. I will take a trade of put options but short selling is another alternative.
Once in the trade, a signal to close will be the red zone outside the bands as was the case
in late February. The actual sell signal being the thick MACD black line inflecting from moving
downward to upward. KOLD could drop 80% from the present price down to the POC line of
the volume profile at about $ 12.50. If leveraged with put options this could represent
a 5X profit or better. Any sustained rebound in natural gas prices will lend heavy support to
this idea. IF a trader wants to capture smaller moves albeit at the risk of getting into a chop
zone, a smaller time fram such as 30-120 minutes could be used.
February , a head and shoulders in April and a double top in early May. It is now retracing
due to the rise in natural gas prices in the past 10 days. A support line from a prior
retracement in early March is drawn at 41.45. This analysis is further supported by the zero-lag
MACD oscillator. I will take a trade of put options but short selling is another alternative.
Once in the trade, a signal to close will be the red zone outside the bands as was the case
in late February. The actual sell signal being the thick MACD black line inflecting from moving
downward to upward. KOLD could drop 80% from the present price down to the POC line of
the volume profile at about $ 12.50. If leveraged with put options this could represent
a 5X profit or better. Any sustained rebound in natural gas prices will lend heavy support to
this idea. IF a trader wants to capture smaller moves albeit at the risk of getting into a chop
zone, a smaller time fram such as 30-120 minutes could be used.
Сделка активна
KOLD down today as expected. Put options up 20% overnight. Holding all through the weekend.
Сделка активна
AI Trend predictive indicator is suggesting a near-term BOIL price action down to $3.5 by Tuesday afternoon then up to $4.00 by Wednesday mid-day. I will placecall options 3DTE at $3.00 to cover that overnight trade.
Сделка закрыта вручную
KOLD call options closed and switched to puts watching XNGUSD closely usinghedging techniques to squeeze the price action for profit
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Отказ от ответственности
Все виды контента, которые вы можете увидеть на TradingView, не являются финансовыми, инвестиционными, торговыми или любыми другими рекомендациями. Мы не предоставляем советы по покупке и продаже активов. Подробнее — в Условиях использования TradingView.