Is KOLD getting chilled out ?KOLD's trend down may be continuing. They say weather climate conditions are for things
heating up. this trader concurs albeit from one of the traditional hottest places in the entire
USA and so with that bias come hell or bitter winter chill. On the chart, a persistent trend
down for KOLD underneath the Ichimoku cloud of the Luxalgo indicator is easily seen.
Luxalgo's Bollinger Band oscillator shows that price is riding down along the lower BB band
without any outlook for a reprive. Furthermore, price is well below the high volume
area of the volume profile and in the lowermost bands of the anchored VWAP. On the MACD
indicator, the MACD and signal are both trending down and well below zero.
In short, the value of KOLD is crashing down. Any traders long are best to consider liquidating
while any value remains. I am not long KOLD and happily continue my long positions in
BOIL, the inverse of it until analysis dictates otherwise.
