CPC closed at 0.72 which means the option traders are very very very very bullish. Why are option traders so bullish? Some really really good news is going to happen? Well, I really don’t know. Personally, at this stage, I prefer to hold no position overnight.
One trick today, when CPC <= 0.81, 42 out of 61 times (69%) a green day the next day. And perhaps very bullish in the short-term because a so called “Firework” setup was triggered. I really don’t know if this “Firework” setup still works or not. If you like, please spend a little time to read HERE for the history of this “Firework” setup.
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