0g 0.247 is in the past. I pushed through the hurdle I failed to clear three times over two days; just now I pinned a line and went straight up—now at 0.25.
This is the first time since the end of June that I’ve stood at 0.25. It’s a new high for more than two months. Took it up with volume—the sell orders hanging above were completely eaten.
There’s still one thing that’s the same as before. For these two candles pushing upward, the contract position on the books hasn’t increased; it’s actually dropped by a notch. Same as yesterday’s move—it was driven by closing/flattening positions, not new money coming in to pick them up. So whether we can hold depends on whether, when we pull back to 0.247, someone is there to stand guard.
If it holds, we’ll look toward 0.26—that’s the first level left over from June. If it drops back down to below 0.24, then this time it’s going to be a fake breakout.
Watched it for two days and it finally moved. #0g $0G
This is the first time since the end of June that I’ve stood at 0.25. It’s a new high for more than two months. Took it up with volume—the sell orders hanging above were completely eaten.
There’s still one thing that’s the same as before. For these two candles pushing upward, the contract position on the books hasn’t increased; it’s actually dropped by a notch. Same as yesterday’s move—it was driven by closing/flattening positions, not new money coming in to pick them up. So whether we can hold depends on whether, when we pull back to 0.247, someone is there to stand guard.
If it holds, we’ll look toward 0.26—that’s the first level left over from June. If it drops back down to below 0.24, then this time it’s going to be a fake breakout.
Watched it for two days and it finally moved. #0g $0G
