Justiceisfalse

Justiceisfalse Jun 8, 2015

Believe it or not we are oversold In a major support zone but the move down does not look done. Do we get a dump to 208 plus false breakdown this week and then a lift? Gonna keep a close eye here. Strategies are likely to sell premium for high probability strikes.

Justiceisfalse Jun 5, 2015

Previous short from 2.90s played out like a dream. Getting to strong support now and is oversold. Could play for a bounce.

Justiceisfalse Jun 5, 2015

Pretty self evident chart here. All depends if the equities roll over as a whole.....

Justiceisfalse Jun 5, 2015

The play from 93s to 97 worked out very well. 95s holding up great here and the EURUSD seems to be done for now. Are we going to see the DXY push to new highs?

Justiceisfalse Jun 5, 2015

If equities and energy remain weak, I think we get back to those 61 lows

Justiceisfalse Jun 5, 2015

Gotta wait and see here. Is the massive supply gut going to push prices down? Are we going to see inventories come off as utilities stock up for winter? The seasonal trade is up. NG appears to be somewhat oversold. Lack of conviction = wait.

Justiceisfalse Jun 5, 2015

Back to oversold and a big support zone. Neutral for now. Wait and see.

Justiceisfalse Jun 2, 2015

I have scalped the long and short side already this week. CL now looks like it is over bought and running out of steam. It can't seem to close a bar above 61 despite the breakout. Could play to the other side of the range around 58.50 in advance of the OPEC meeting.

Justiceisfalse Jun 2, 2015

NG sits at a great price and fib support after getting hammered. There is a seasonal long trade in here to support the long side as well. I'm leaning long with a tight stop below the days lows and looking for at least 2.80

Justiceisfalse Jun 1, 2015

Another try at at the major supply zone, could not make a new high from Friday and confirming the downtrend. Looking to low 58s then 55-54 levels.

Justiceisfalse May 29, 2015

Top of the nicely defined down channel and getting overbought from a big move up. Short at 59.40 with a stop 60.20 Buying 56 puts also very interesting.

Justiceisfalse May 28, 2015

That was a big move off the 93s which was nicely called out by many people. Worth taking some off now and managing risk here. All FX against the DX having a strong afternoon. I think everyone is looking to GDP numbers tomorrow for an indication.

Justiceisfalse May 28, 2015

We have a huge triangle forming on the daily with good supply zones at either end. Given that we are oversold and coming in to support after a 0.03+ sell-off, we might get a decent bounce to the other side. Depending on how the DX and CL act, we could break down and see new lows but for the moment it's a wait and see. On smaller timeframes it's definitely...

Justiceisfalse May 28, 2015

Sitting at big supply zone Momo divergence is there Still in an uptrend.... for now..... Got to wait and see

Justiceisfalse May 28, 2015

Way oversold and in a big support zone. Just observing for now.

Justiceisfalse May 28, 2015

Copper is setting up for a move here. Long case: Sitting on trendline Right in major support zone Could break small downtrend There is some momo divergence Short case: COT is bearish DX picking up steam Major yearly/monthly/weekly trend is down At this point it would be long above 2.80 and short below 2.72. In either case I would wait for a break and retest of...

Justiceisfalse May 25, 2015

So this is a simple way of looking at the oil market. We have a broken uptrend and a confirmation of the downtrend on multiple instances. There are so many ways to play this trade with multiple products but the message is clear.

Justiceisfalse May 21, 2015

Chart is self explanatory. Sell calls, buy puts, short outright - all good options.