I left the title of Tuesday’s NFTRH+ post (now unlocked) vague because if I blare everything out publicly I no longer have a business because premium subscribers would no longer gain an advantage from this part of the service. It’s Small Business 101… serve your customer base well.
Anyway, the commodity in question was crude oil, which anyone who cared might have guessed by looking at a chart and seeing its short setup. Here’s one of the charts we used, showing today’s dumpage from the projected area. I ended up levering the short by using SCO. I tried to tune out the OPEC hype and go with the chart’s intermediate downtrend.
They don’t all work, but the thing is to get more working than not and to limit the downside on the losers.
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