Range Trading
Are the big buyers establishing their Long Position?
-> Maybe they are trying to push down to buy.
Will it test the low again?
-> Maybe, let see if 108.30 could be hold or not, if not hold, then market might test 102.20 again.
We observer that big buyers drop their big long position around 180, and killing price down to 102.20 2 times. Price drop quickly, and when it hit the new low price(recent one year low), big volume was increased.
We think, next week maybe a range trading around 107 to 128.
If 108 hold, and break 125, then might test 127, event test 131.
If 108 not hold, 102 might test again.
-> Maybe they are trying to push down to buy.
Will it test the low again?
-> Maybe, let see if 108.30 could be hold or not, if not hold, then market might test 102.20 again.
We observer that big buyers drop their big long position around 180, and killing price down to 102.20 2 times. Price drop quickly, and when it hit the new low price(recent one year low), big volume was increased.
We think, next week maybe a range trading around 107 to 128.
If 108 hold, and break 125, then might test 127, event test 131.
If 108 not hold, 102 might test again.
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