I am surprised it hit the 1.45 so quickly after I liquidated at 1.462. But still a nice move off the highs. Slept like a baby last night, and will not likely put another trade on until mid summer. I lean towards the idea that this bubble has burst, but I have a sneaking feeling too many are invested in commodities for Mr. Market to allow total evaporation of wealth.
If this goes to 1.40 on this break, I will be disappointed I covered shorts so quick. I had 1.45 and 1.40 as targets, but got hasty expecting some kind of bounce. Good luck to all. Enjoy your summer.
If this goes to 1.40 on this break, I will be disappointed I covered shorts so quick. I had 1.45 and 1.40 as targets, but got hasty expecting some kind of bounce. Good luck to all. Enjoy your summer.