Divergence At Value Low Long Trade After Inventory
Coming off a rough day yesterday I waited patiently for the EIA report to come out at 11:00am today. Pre-report the market was bouncing off previous value levels of yesterday. The report pushed the market into the level again this time on less volume only to set-up a nice reversal to long the market at today’s value low area. Market was held back at term structure high.
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