Good morning Folks,
Primary expectation was for bulls to hold the levels at LIS. Any dips were promptly bought up. This was within our expectation. I cannot stress further on the importance of these levels, especially at times like these. It gives you that extra boost of confidence.
As we near the weekend, and with Trump toying with the idea to escalate tension, we can't really be bearish. BUT i must say that market has priced in quite a fair bit of escalation in the past few days. So do stay nimble and hold onto your risk management hat dearly.
Trade Plan for 19/6/25 on AUG Brent / AUG WTI
Bulls still in control, although I'm starting to see fatigue setting in. I see less buy orders coming in compared to last few days.
1. LIS - 7610/7290
2. Above LIS, Lv1 7800/7450 and Lv2 7920/7590
3. Below LIS, Lv1 7490/7160 and Lv2 7320/7000
Now 7615/7315
*Line In Sand (LIS) is where major bull/bear battle takes place. Whoever conquers it sets the tone for the period.
Like and Restack
~TToil
How do you handle swift breakdowns below the LIS when they flip back above it shortly after? Stop out of short call? Flip back to long?