Something seems to be going on with BPZ and I'm going to look in to a speculative long position (I consider all longs to be speculative for risk management planning right now as the Primary trend in the market is very ugly). I'm not sure what I'll choose as a vehicle for a long trade there, but I like what I see (I'll let you know before).
BPZ Daily, something is going on with the volume, it looks like mini-capitulation.
BPZ daily closer view
BPZ 1 min positive
2 min positive
BPZ 3 min leading positive
5 min leading positive
15 min leading and 2 relative positive divergences.
30 min leading positive
And the big one, 60 min leading positive.
Is interest rates about to start going up?
-
Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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