Daily :The new KCU1 quartely low @ 241.45 has hit our profit taking target .The following upside
reversal was strong enought to break all weak upside resistances , meaning an upside move , at least
untill 275.
Weekly: 2011 June 29th
After the short term support being confirmed by a hammer candle followed by a strong upside reversal ,
next upside target should be close to 275/285 (previous supports and not yet tested resistances).
NEXT BIG MOVE OUTSIDE THE (240/285) RANGE , STILL IS UNPREDICTABLE!
MACD -
ADX-
RSI-
SLOW STOCH-
Monthly: Technicians should´nt be fooled by winter/frost scares , but should rather stay out for now
Bottom Line: Play volatility skews on call options if you want to play .....
Trade idea: Buy out off the money nearby call spreads and sell long term very out off the money puts (1 long spread to 2 short puts).
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