HO about to bounce up
HO is quite easy to trade because not so liquid and often show a bit large difference beetwen Ask and Bid
So the Price tells you where the trend is going to move next ... More over HO offers large profit
This is a likely bounce pattern with 3 Tops and 3 Bottoms
wait for this impulsion to go long Prior to enter the trade
this is just an advise that is often repeated
See here from CFTC.gov Last weekly Commitment of traders report
it shows a bullish pressure ;
January 24 COT report for NY HARBOUR ULSD
Long : 44.504
Short : 19.144
HO is quite easy to trade because not so liquid and often show a bit large difference beetwen Ask and Bid
So the Price tells you where the trend is going to move next ... More over HO offers large profit
This is a likely bounce pattern with 3 Tops and 3 Bottoms
wait for this impulsion to go long Prior to enter the trade
this is just an advise that is often repeated
See here from CFTC.gov Last weekly Commitment of traders report
it shows a bullish pressure ;
January 24 COT report for NY HARBOUR ULSD
Long : 44.504
Short : 19.144