Recap #
RB2610 reached a historic low (for this contract) at 3052 on Monday, nearly touched the stop-loss I had set. Fortunately, it reached 3110 on Wednesday, so I could have made 2% on this trade had I followed the plan.
Observations #
On Rebar #
I would not go long on rebar recently, because from the price of glass futures, which has been free-falling recently, I think the demand for real estate is not promising.
Then What #
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Plan #
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