Commentary

7/8/21 The Far Turn – More Mild Volatility

It sure would make analysis easier if a little volatility appeared and gradually went higher like we are seeing now. This looks like some big players are reducing positions by selling CO with lower prices attracting buyers OC. Going flat here isn’t very astute, of course.

The 54 day SMA at 420 is intermediate support. That might be a nice buy point but it is not in play at the moment.

White candles are wins for OC, which has been doing well since the Jun 18 low.

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