Hi gt
Had a chat to Fred about... amongst other stuff, 'too low a price to pass up the long' and 'trend vs swing trading'. Just thought I'd clarify the bias toward longs today.

The trend traded in reality was the day timeframe.(see attached daily fcpo futures chart) If the daily trend is (perceived rightly or wrongly) to be up, the best course of action would be to buy support levels, preferably if the intraday timeframes are 'trending' down.
When one trades the trend, it needs to be qualified by "which timeframe trend". So the l20 exp mov avg provides the support off of which to long, with ADX>30 maintaining the daily uptrend.

Hopw it clears up the bias for today's fcpo trade.

Yours faithfully
emacro