So it is not an ego question and it is not the problem of being wrong or right. I have financial interest (naked put options) on: not more than 132.5 and not less than 107.5 for July expiry.
That's being said:
I'm glad to see Nagal's fork back...another perspective is always good
But of course I will only have a lock when my analysis is over.
I readjusted a little bit my previous EW and put the potential current one in light blue. What I don't like is my Fibo time zone is ending on 11 June, the day before the expiry of the July option contract and try to be optimistic and put 102 target but can be 97.5 or who knows 122.5....
I readapted my consolidation zone. However we are in daily below PP, below some MA, below Ichimoku's cloud, so let's see...
Finally and unfortunately I have to say, the only thing that can be favorable on a short term period to the price of Arabica is the situation with covid-19
WSJ article: "Brazilian Health Minister Quits as Coronavirus Infections Rise"
"Nearly 15,000 people have died in Brazil from the disease, with roughly 800 people dying each day. The country is likely to have some 50,000 Covid-19 deaths by late June or early July, according to two separate forecasting models, one by the Los Alamos National Laboratory in the U.S. and the other by the University of California at Los Angeles. That death toll could get worse if the country eases restrictions."
I am adding one spread I watch: KCN21-KCZ20 (for KCZ20-KCN20 see my previous message). Still puzzled on making any bet on KC future spreads. I would target at least 3 points if I don't see it clearly, I just have to pass on...
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