Monday, June 5, 2017

05 - Jun - 2017



Market Commentary
10:00 AM: Price broke PDH after one hour of consolidation around it. Let’s see if it sustains

10:21 AM: Not convinced with taking long in this slow-paced movements. will wait for PA at PDH

10:44 AM: Drawn rectangle for range 9678-70

11:52 AM: Day turning out trending day, small ranges forming respecting to lower range highs.
Don’t think I get an opportunity to trade, unless price reverse towards PDH

12:45 PM: Drawn rectangle for range 9682-9697. Let’s see if BOF of RL opportunity comes

13:21 PM: Thought of attempting BOF of RL, but seeing price sustained below RL for more than 10 minutes, better to stay away. will wait for PA at PDH. Removed rectangles/ranges, as these are no more relevant now as price traversed back and forth.

14:55 PM: Done for today



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