MyDVICE

- LETTER & VIEWS by NEV R. AGN

THAT GAP!

1 June 2020

That gap (approximately … between 39 and 45) is about to be filled.  Not many thought so (did you?).  I do not know if the coming “first attempt” will succeed but with further OPEC (sigh…) meetings in the very near future (to discuss more production cuts?), I feel confident that if the first fails, there will be more attempts.  Besides, it is my belief that gaps in charts are self-fulfilling.  That is … get enough attention and it will fill out.  The question is “how soon?”.

OIL POST NUMBER ONE

Next post:  an options strategy to take advantage of the breakout from the top opening of the gap.

1 Comment

  1. Francis Abad

    this is a test comment to check that it works.

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