The ratio has reached the line of support.

21 lug 2020

We took the profits from our short position in the ratio, as well as the profits from the silver long position. For now I expect to see some sideways trading and the ratio could pullback towards the 93-94 area. I don't see a reason to go long in this case, however it is an opportunity. If you wish to take the long position in the ratio - bear in mind the fact that the silver market is very strong and the trend could easily be broken without retracing back towards the 93-94 area. To monitor this - close out the long below 87.5 and enter a short position again targeting 81.5. I will make another update as soon as I see some movement.

22 lug 2020

Trade chiuso: obiettivo raggiunto

I hope nobody took the long, since I mentioned that it was quite a strange idea. By going long the ratio you are basically shorting silver - suicide in current conditions.